We have the FOMC tomorrow and big economic numbers, which are generally seen as upbeat,
More Quotes from Lee Ferridge:
The euro got bought up toward the end of last week on the prospect of a deal being struck, and so often with these things in the markets, it is buy the rumor and sell the fact,'Lee Ferridge
People are still digesting Friday's data and wondering whether the short-term reaction to sell the dollar was right,
Lee Ferridge
We've just seen some stop-losses and it looks like people chose the downside.
Lee Ferridge
The market did go up a little on the news but now we're coming back down again because I think the good news is factored in,
Lee Ferridge
After all, it wasn't a bad number. It's just that the market had positioned for something even better.
Lee Ferridge
A lot of people bought the yen following Koizumi's victory and now they're feeling the squeeze. The yen has got about as much as it was going to get from the election result and now people are taking the opportunity to sell.
Lee Ferridge
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