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Friday, October 06, 2006

Data reaction

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The US Figures were at their face not impressive, but the unemployment rates dropped to 4.6% from 4.7% expected and the NFPs for August were revised higher by 60K!!
In the light the poor NFPs for September of 51K dont count.
USD/JPY is about to break a very important trend line dating back from 1998.
EUR/USD looks like a mess.
USD strength across the board

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