The Week Ahead: The ECB Takes Another Step Closer to QE


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Highlights

  • Market Movers: Weekly Technical Outlook
  • The ECB Takes Another Step Closer to QE
  • Currency Focus: Is the Attack on GBP Justified?
  • Nikkei Remains Vulnerable to a Soft Japanese Economy
  • Global Data Highlights

Market Movers: Weekly Technical Outlook
Technical Developments to Watch:

  • EUR/USD still near 9-month lows, resistance still looms near 1.3425
  • GBP/USD deeply oversold, testing key support in the 1.6670-1.6700 range
  • USD/JPY inching higher, but 103.00 remains a critical hurdle
  • EUR/GBP turning higher, bulls eyeing Fib resistance at .8075 next
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