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Tuesday 23 June 2009

I give up all my opinions. Lack of direction lasted long enough, so both directions make sens. For now it seems that investors make some adventage of interest rate diferential so maybe the longer GU and EU will last on their levels the better for them. I'm reading Alchemy of finance by G. Soros, and geting more and more convinience that every move on the market will bounce back sooner or later. Will see and post. For tomorrow there is one my favourite data release: Existing Home Sales. If nothing significant will happen this may be nice trigger for move back up to 1.65 on GU or 1.3950 on EU. But I only good or neutral release will be good for taking long, and only if price will remain unchanged during the European session.

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