The price action of the past 24 hours suggests further range trading should be expected in Sep. Euro support gave way yesterday pointing to a return to the lower half of the range of the last month and the USD Index escaped from its recent contracting pattern back into the middle of its range. A small Key Day reversal in the DJIA indicates the recent rally has stalled and points to channel support. NFP will need to be way out of consensus today to shake the markets out of their pre-Labor Day weekend torpor.
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BARCLAYS CAPITAL
TECHNICAL RESEARCH