Apple, in contrast, has kept almost all its technical, creative and marketing leaders in the U.S., working side by side in Cupertino.

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On the technical side resistance to a further move up may come in around 1.5170 with a level beyond at the July highs in the zone of 1.5230 to 1.5240.

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The iShares MSCI Germany Index Fund has violated two important technical levels in the past week and looks poised for at least another 10% on the down side.

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