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EXTENSION BUYING IN EQUITIES

EQUITIES

Extension buying in equity futures on the cash open is
dragging US Equities higher. Euro Stoxx has traded
back to 3300.00, but so far there has been limited
spillover into fixed income. There has been more USD
selling following the bid in risk, with cable (last: 1.2935)
pushed towards the high of the day (1.2951). MNI
Tech looks for a test of resistance at 1.2953 (Jul 28 high)

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