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Wednesday, March 07, 2007

Market Update

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US data yesterday mixed, but the Factory Orders out at worst levels since July 2000, showing the boarders of recession. EURUSD back around 1.3120.

Fed’s Paulson still positive about the global growth after the slump in stock markets.

Stocks rebound across the board, a bit more upside today and they are testing some key resistance levels: S&P 1407, DAX 6666.

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