2/10/2008 - the current market sentiment |
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The ECB has disscussed cutting rate this time as expected pushing the single currency lower across the broad. The ECB has started to pave the market for an easing action in the face of the current financial market turmoil after the drop of the oil and commodities prices across the broad on the growth worries and the negative impact of the current credit crises on the growth in EU too. Technically breaking lower than the pair recent low at 1.399 is a very bearish sign. The next major support is
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