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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (6030)	8/24/2009 3:20:06 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 6370

The direction of the various carry trades (also vs Yen) is often a key to stocks as it adresses the same type of risk takers; and for stocks, the pound is more significant than the EUR. Often this is automated and happening at the same time but today the move in currencies and DX preceded stocks. currency traders said, this was a sell the news effect in GBP first. People simply wanted out, what happened then is unknown.