Iomega Corporation

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Tuesday, August 08, 2006

SPIKES ALL THE WAY .... MARKET BUZZ

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First reaction in Equities was down, but has come back a bit on Fed holds benchmark rate at 5.25%.
S&P 500 Presently down -0.2%
Nasdaq down -0.6%
But the concern of Slowing Growth in the US Economy could be the main factor for stocks not being able to really in the US

EUR/USD Spike Way UP 1.2892 level
And Whoop Spike down
And now in Middle.

Gold Spike up way Up
And now in middle range 646/7 level

This tells, traders/Investors are Analyzing the statement from FED, and working on few things.

As we spoke to our Colleague at the exchange trading floor, we found out the same updates that traders are Analyzing the statement, and few other things clearly
So a Clear direction is Approached.

This is the current MARKET BUZZ right now

We shall Advice.
We see Good movements to come on Wednesday, where all traders will be studying the statement tonight.

Cheers.

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