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Friday, August 11, 2006

Very Strong Figures

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Very Strong Figures, will likely be used to build the case for further FOMC tightening as they in no way suggest that private consumption is cooling like the FED expected in the last FOMC statement.
EUR/USD could slam towards 1.2660.
10 year treasury Notes close to breaking lower on this.

However, due to its friday, we could likely see USD strength towards end of the day.

Gold maintaing support currently, However, Due to Dollar Strength, there are chances for a Pull back.

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