Macro Morning: Central banks a set a fire

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By Chris Becker

Well its going to be another interesting week on macro markets again with news of an interest rate cut in China and Mario Draghi smacking down the Euro setting the bulls nostrils flaring!

First, in Europe Draghi’s strident comments on combating deflation saw the union currency crash against the USD, down over 130 pips to just below the 124 handle and just above earlier support in the month:

Chart EURUSD, H4, 2014.11.23 21:06 UTC, VantageFX Pty Ltd., MetaTrader 4, Real

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