The fate of EUR/USD was determined by two events last week: the FOMC (Federal Open Market Committee) meeting of the US Federal Reserve and the meeting of the Governing Council of the European Central Bank (ECB), which took place a day later. As a result, the euro emerged victorious: for the first time since November 29, the pair rose above 1.1000.
Central bank policy decisions and guidance help to stoke price action this week, while next week’s busy economic calendar could give markets a final pre-Christmas burst of volatility.
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The bull case for India market is a well-worn story: political stability, stable crude prices, strong corporate earnings, falling interest rates, a strong working population, strong domestic and foreign fund flows