Technical Research

Posted Friday, August 21, 2009 -
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Daily Market Commentary EUR/USD Pops Above 8/13 Highs after Positive PMI Data The EUR/USD is making a solid move higher past 8/13-8/14 highs after the wave of PMI data came in above analyst expectations. In fact, a couple PMI data points are registering expansion (50+) while the rest are making a strong case to do the same. Such positive improvements in data tend to have a larger impact on the EUR/USD than the GBP/USD since the ECBs interest rate remains at 1%. The growth in PMI mirrors theview original article

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