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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (9725)	7/23/2004 11:41:18 AM
From: Haim R. Branisteanu	Respond to of 116555

mish - I read it as collusion as some Money Center Banks heard of probably intervention. - my speculation only EUR / USD is 1.21 from 1.2470 within 72 hours+ on mixed/negative economic new for the US BWDIK

To: mishedlo who wrote (9725)	7/23/2004 12:21:26 PM
From: Haim R. Branisteanu	Respond to of 116555

mish I think it has more to do with other CB's buying treasuries. AS Roach mentioned few days ago the central bankers are playing it in the debt markets and as a result also in the FX markets In May this year with the USD a bit stronger few bought US financial assets - now after the USD fell several % they moved in buy and they do it via Money Center Banks who front run the trades. That is the reason for all those contradictory speeches by FED officials they have a purpose and we do not know their signals in those speeches. you will never know what was discussed or telephoned behind closed doors All the other -"economic reasoning" are hogwash - I think with their reports, like Deutsche Bank and other Money Center banks purposely put out mislead forecasts .... Message 20326530 that is my speculation BWDIK