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Thursday, August 03, 2006

BOE a SOLID SUPRISE !!!!

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BOE gave a Solid Suprise today, by rising the Rates .25 bp to 4.75.
A Solid 100 Pips+ move in GBP/USD.

ECB also lifts rates by 25bp to 3%, as widely expected. Tone of rhetoric in the 1230 GMT press conference is now key to market direction.
No Much Reaction in EUR/USD markets waits for the conference

Now All of them are rising rates.
A solid suprise can come from FED also, a current market buzz right now as we hear.

Watch for US datas today, and ECB 12:30 GMT conference.

GOLD playing 645 range.
Silver Playing 12.0 range

Cheers

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