Wednesday October 21, 2009 - 19:45:58 GMT
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GVI Forex Discussion Points 21 October 2009 EveningGVI Forex Discussion Points...
"We cited the inevitability of a run at EURUSD 1.50 earlier today simply because thatâ€™s where the stops were resting. It was not obvious that today was the day, but it turned out it was. There was also talk again that the Eastern European names led the charge. Their motivation was unclear. It could have been for reserve diversification or other reasons. The GBP got a boost from BOE minutes saying the MPC voted 9-0 not to increase quantitative ease in early October. The U.S. remains in the thick of earnings season. Some apparently were set up for a correction today and were caught short. Now stocks are slumping..."
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