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CFD Traders DiarySteady start in London ahead of important US data4/4/2008 Although it has been a fairly quiet few days, we expect market volatility to pick up later as the crucial US non-farm payrolls and unemployment figures are released. In the meantime it has been a steady start on the FTSE 100 index with a couple of pockets of excitement. One of our recent picks on the long side was British Energy, and this morning they have been marked significantly higher on a French press report that rival EDF is mulling a bid. There have been various potential break up figures put forward, most of which are higher than the current price of around 700p, so long positions look in good shape here. Elsewhere, there have been more pullbacks in the financials and housebuilders that led the big move up on Tuesday, with a never ending torrent of bad news on write offs, lack of credit and house price falls. This is all part of the market's intriguing two way battle at the moment, and we stick with our view that the short term uptrend should remain intact given the continuing smart money purchases seen in many sectors. No doubt there will be opportunities this afternoon, as the non-farms news is one of the most closely watched statistics in the US.
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