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Strategies & Market Trends : January Effect 2003 -- Ignore unavailable to you. Want to Upgrade?

To: Londo who wrote (557)	6/16/2003 8:41:37 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 666

EUR hit a new high at 1.1930 but in reverse gear since and turned even briefly red at noon. And all for sudden the EUR T-Bond propping stopped as the Bond hit 120 for the first time in his life ever. It is off 35bp now, the Eurodollar spreads widen and also the ZB starts into the session in the red for the first time since quite a little bit now. If this does not change we get a big red candle day in these charts today. The british pound still holding up nicely, but it also shed the half of its run. I swear I have seen a few contracts of the expiring GBP changing hands at 1.69 and better. Go figure.