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Strategies & Market Trends : LET'S PLAY IN THE FOREX..AND NOT GET LOST! -- Ignore unavailable to you. Want to Upgrade?

To: CapitalistHogg™ who wrote (66)	3/20/2007 11:02:44 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 247

The GBP is often prone to such moves, a real football currency. Dangerous and relatively illiquid currency like NZD to AUD. The key lies in the GBP EUR relationship. This move from under 0.66 to 0.68s begged for a correction , today to the tune of 48 GBP pips. That was the real trade today. Much depends on fed comments. But the GBP contributed to the $ index so far, likely prompting addditional buys on no real EUR weakness.