It is not often we get an unscheduled meeting from a central bank, but with today’s ECB general council get together the market was looking for a more stimulative outcome to help prop up the European Union as worries of fragmentation loom. The EURUSD reacted positively but we have also seen US yields coming off their highs which has had the effect of pulling the DXY lower this morning too. The RSI indicate had previously predicted a push higher in the EURUSD, so I am now waiting to see if this leading indicator is foreseeing a bounce in the US indices.
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