What happened this week: First of all we would like to wish all of our readers and business associates a very happy, healthy and prosperous 2008.

It is no surprise that, basically, we could have missed this week’s report, too, as apart from the normal busy administration work associated with the end of the fiscal year, very little trading activity was seen in the first week of the New Year.  Looking back to our last report of 2007 when tailwinds from the currency markets were having an effect, this trend has quickly reversed right after Christmas and we closed this week not far off the lows we saw at the beginning of December, which meant that quite a bit of the enthusiasm about the start of the New Year quickly faded.

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