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Traders in Tsys have different views on.....>

US TSYS
US TSYS: Traders in Tsys have different views on what's the biggest thing next
week: Most agree that Friday July jobs report is key, but then what's next in
importance is subject to debate. Many say PCE is a big deal, because the Fed is
watching that inflation gauge. "The PCE looms large as the Fed cares more and
more about inflation, so the markets should care more and more about that
inflation gauge," said one observer. 
- Others say the month-end this Monday, July 31st will be a big deal. Wells
Fargo's Boris Rjavinski and Michael Schumacher into/around month- end said they
expect selling of US$6.0B in stocks vs buying of $5.0B in bonds. 
- Meanwhile of course markets will be watching N.Korea, general stock market
tone, and US politics. And it's likely black boxes may still be buying Tsys on
weak US$ vs. selling on firmer US$.

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