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Thursday, August 17, 2006

Data out. Minimal Reaction

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US Intial Jobless Claims were out at 312 vs 315 Expected
Continuing Claimes were out at 2507 vs 2475 expected

There wasnt any Heavy movements in EUR/USD, nor in gold or silver.
Minimal reaction occured.

Few other datas and Information coming in today

Fed Fischer Speaking, Leading Indicators Data.

However, USD weakness still remains.
Gold having hard time to cross its resistance boundaries. 632/634
EUR/USD having hard time to break higher, which it tested many times.
If such phase contiunes, there shall likely be a mini correction, to grab nice support, to lead upwards

We shall Advice further.

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