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Euro currency outlook – Euro and Europe up on China Reserve review denials

And we are off, should see a spike and a gap up on market open across indices, markets and oil. The China reserve review rumor yesterday had markets in turmoil on anticipated Euro weaknesses. The China denial today pushed Euro as high 1.2342 in Europe and has pushed all markets beyond the green line. Once US opens, both oil and the market at large should pick up nicely for the weekend tomorrow.

Happy trading!

 

Author: Jawwad