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Wednesday, September 06, 2006

ISM Higher than expected

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ISM came higher than Expected.
Which is Bad for Dollar.

Gold and Silver rise as we speak.
EUR/USD doing a little correction, And Shall push higher soon crossing 1.2820 levels.

ISM other Indexes came little lower then Expected.
However ISM Non-Manufacturing came higher than Expected, which shal be little weaken the Dollar.
We could see much movements in tight ranges, finding the right direction.

As few datas today, Concerned weakning Dollar, and few Strength in Dollar.
Overall Medium Term USD is forecasted Weakning,

FED Beige Book, is an important one also.

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