7/8/2008 - The Current Market Sentiment |
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We have mentioned earlier this week that The manufacturing data have come after series of weak EU reports like the recent IFO weak figures which have shown a struggling business climate in germane which could effect negatively on the single currency which is already suffering a technical pressure versus the greenback after forming another lower high at 1.575 after 1.5935 and 1.6023 putting technical downside pressure on the pair. It looks that another hike is getting out of ECB table in this
Filed under: Technical
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