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Strategies & Market Trends : Classic TA Workplace
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To: Haim R. Branisteanu who wrote (76451)6/23/2003 8:10:34 AM
From: Louis V. Lambrecht  Read Replies (1) of 209892
 
Haim - got another hint: part of last week strenghtening of the Dollar is in response to the selloff of the treasuries (lower price/higher yields). So, speculation would give the odds to a 25bp rate cut?

Got some resistamce on the Dollar (Sep fute) 96.33 near the 38.2 retracement, but not on the Euro chart where all supports look weak.

Good time for the central banks and the hedge funds to diversify into some Euro at the cheap.<g>
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