The euro is rising further

EU chairman Draghi tried to talk down the euro yesterday but his attempt failed. The euro is rising further and is now the highest point since January 2015.

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New rules from Brussels will cost asset managers around $5000 per hour

The new European rules that will apply next year will affect asset managers. The bill that an analyst is going to write is a bit higher. Estimates are around $ 5,000 per hour.

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The bulls that have been winning for some time now but today they were overshadowed by news other than analysts forcasted.

The personal income forcast was 0.4% higher. However, the personal income did not move. The pesonal consumption expenditures (PCE) increased by 0.1%. This news caused a steep decline today on the EURUSD.

During the afternoon, the major picked up the up trend. And the bulls shook the sellers off again.

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