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Re: Busy Day Tomorrow
Next area of interest we got resides a figure further down the ladder torero.
9510-30 has vibrated (ahead of 1.94) all the way back to early Jan.
Not sure what you mean by 'tight'? It's (Cable) only 30 odd pips shy of it's avg daily range. If you're referring to the general scenario out there, then I guess some of that reluctance will be down to fresh credit-crunch jitters entering the arena again on the back of the State Street conf call earlier.
Players began booking profits on one or two of the crosses, which blanketed the Euro. Yen crosses especially have been impacted. Still, it'll open up when spec & fast money accounts follow thru on any nervy breakout shifts, such as the one unfolding on Cable.
It will be reserved to specific pairs & dependant on levels.
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