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Sunday, July 30, 2006

Welcome to a Lovely Week Again... Lets recap Last week

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Welcome Back to a Lovely Week Again traders/Clients,

Lets roll our mind with some recap of last week

Last week USD fell Sharply which indicated US growth was slowing more than expected due to Friday Data.
Which gave more signals for Fed to Pause on August 8.

Stocks were up last week, And Gold gave a Slight Push last week, but was Below the Heavy Resistance 640/643 level, Which it tipped many times, But made it back home always downwards, arising a new Buying Opportunity.
However, last week was a Scenerio of See and Watch the Market.

EUR/USD also tried its best to hit 1.28 level, but was unsuccessfull.

It looks like this week, EUR/USD would cross 1.28 level, arising signals of Fed to Pause, would give a Good Smash on USD, and eventually shall push Commodity Prices.


This and next week, Shall be a Very Important Critical Week, Many Datas to come, Many new things to come, and Next week, Aug 8, Known as a Big day, when Fed gives it command of Hiking or Pause.

We welcome to a Lovely Week Again.

Cheers.

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