Iomega Corporation

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Wednesday, January 10, 2007

Data reaction

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The US Trade Balance was better than expected and confirming improvement in trade patterns for the US - at least including energy, which has been heading a lot lower in the last months.
This should be a positive for the USD, which is still not breaking the 1.2980 in EURUSD for real.
Look for a daily close below this level(since it already made two fake-breaks intraday) to point lower.

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