there was no news on these two candles.

STOPS HUNTS ?




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Rabobank Eyed As Source Of Sterling Blip

By KATIE MARTIN
Of DOW JONES NEWSWIRES


LONDON -- An abrupt dive in sterling early Wednesday stemmed from a
computer failure at Dutch bank Rabobank (RBK.YY), traders at two banks
said.

The pound plunged by a hefty 1% within around one minute at the outset
of European trading hours, hitting a low of $1.5166 against the dollar
before quickly springing back. Knock-on effects were seen in sterling's
patterns against other currencies too.

The move lacked any solid fundamental trigger, but traders at other
banks said that Rabobank's electronic trading systems inadvertently
attempted to sell up to GBP3 billion in sterling against the dollar
before they were switched off. Generally quiet summertime trading
conditions probably accentuated the move. Rabobank didn't respond to
requests for comments.

At 0922 GMT, sterling was trading at $1.5283, just a shade below its
level immediately before the early drop, according to trading system
EBS.

---By Katie Martin, Dow Jones Newswires; 44 20 7842 9346;
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