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Reflation experiencing some afternoon deflation

By   || November 23, 2009 at 19:05 GMT
|| 2 comments || Add comment

Stocks are edging lower in their ranges, up 1.2% after being up nearly 2% earlier in the day. Gold is down to $1063 from above $1073 this morning and oil has given back nearly all its gains, up only 0.2%.

EUR/USD continues to find steady demand in the 1.4960s but rallies are very muted.

1.4920 is support if stops below 1.4960 are ever triggered.

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2 Responses to “Reflation experiencing some afternoon deflation”

  1. Adje on November 23rd, 2009 19:08 GMT

    haha I loe the way you tell things. Especially this part..
    “1.4920 is support if stops below 1.4960 are ever triggered.”
    ever? heh I guess they will. Hour chart pice islocked betwen tenkan and kijun.
    I hope those offers in the 1.5015 area will stay and also that it will be brutal offers cause I’m going to scl there with pretty decent lots. Will put tight stop in it,

  2. Tajul Akbar Bin Ismail on November 23rd, 2009 20:12 GMT

    Need a few hours of sleep … catch you all later, happy trading :-)

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