Thursday, 3 January 2008

Morning all from a very chilly Dartmoor. Yen carry trade suffered big reversals yesterday and it remains to be seen if the window dressers were merely holding the stock indices up at last year's end, now intending to sell after their 2007 bonuses are secure.

Not much economically today: US ADP non-farm payroll figures at 1.15pm and US factory orders at 3pm.

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