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Silver Rips, Oil Slips, Equity Dips
Equities had their now-ubiquitous schizophrenia over 'bad-is-good'-macro data, BTFD - VWAP magic, and back-to-work-after-labor-day (volume better) but ended the day fractionally lower. Average trade size was low but volume was a little above average for the last few weeks as the chase to VWAP and then to green in S&P 500 e-mini futures (ES) saw some notable blocks go through - which was accompanied by (or aided by) AAPL's stunning revelation that there will be an iPhone5 driving it up 1.5% to fill last week's gap. Away from the equity silliness, there was a clear theme of USD strength (as AUD weakness led but EUR ... (full story)
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- pip_trader
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- Layzars
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