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Mario Draghi

Commodity Currencies Losing Direction Amidst Uncertain Economic Outlook And Psychological Pressure

January 23, 2013 7:13 am GMT+0  in Forex Fundamentals and News

Commodity currencies has been seeing a directionless volatile moves against the U.S. dollar. AUD/USD has tried twice to touch the psychological 1.0600 level since yesterday but failed miserably. First time it had gone as high as 1.0578 and then after a drop to 1.0549 it again recovered but failed strongly at 1.0574 and fell sharplyRead the Rest…

ECB’s bond buying, cure or just buying time for the debt crisis?

September 6, 2012 11:48 pm GMT+0  in Forex Fundamentals and News

By announcing that ECB will buy unlimited government bonds to help Euro, ECB President Draghi did what he had to or for that matter any person in his shoes and his position. Debates are taking place and more debates would take place but the fact remains same that something had to be done and that something hadRead the Rest…