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RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 30/09/11

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Fri, 09/30/2011 - 07:44 | 1725196 msmith
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I guess we can conclude that we are closer to a sell off today than yesterday in equities.  The FX markets may be signaling another rebound for the very short term especially since today is the end of the month and quarter.  EURUSD price action could rebound further in the short term as it may have a completed 5 waves down.

Fri, 09/30/2011 - 08:16 | 1725292 msmith
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The GBPUSD is tracing out a similar wave pattern as EURUSD signaling a correction higher with the end of month and quarter today.
Fri, 09/30/2011 - 08:34 | 1725335 msmith
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Gold Market Report available here  Price action should continue to rebound over the short term.

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