Iomega Corporation

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Wednesday, July 26, 2006

Market Remains Mixed today.

1 Comments for:

There aint any Big Movements Occuring currently,
We feel gold to end at the current Level (617 - 619 Level)

As Market mostly focus on Fed Beige Book today at 18:00 GMT.

Market remains Mixed today.

Dollar turns weaker against European currencies as consolidation goes. However, Yen was even weaker as it falls sharply against Euro and Sterling, giving back all of gains earlier today. USD/JPY remains steady.

With no important US economic data released today, some focus will be turned to the Beige Book. Opinion is still largely divided regarding whether the Fed will pause in the coming Aug 8 FOMC meeting. More information could be provided on Fed's view on price pressure and growth moderation from the Beige Book which could give more hints to the market about Fed's current stance.

1 Comments:

At 9:00 AM, Anonymous Anonymous said...

Yes i Agree. I feel Market is waiting for Fed Beige Book today.
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