Iomega Corporation

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Thursday, November 23, 2006

Whats going in the market?

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Dollar going weaker across the board. With lack of data today we look to trade technical breaks in EURUSD and USDJPY. But volatility is likely only to be found in the European session as the US celebrates Thanksgiving holiday.

USD weakness/FX volatility key for equity markets heading into the weekend. Grind higher in Europe slower and slower and a rounded top seems in place in FTSE 100. DAX resistance 6490-6500.

US stock market closed today, half day tomorrow.

Nymex, Comex and CBOT also closed Friday.

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