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OctaFX_Farid

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  1. OctaFX.com- Congratulations on Ramadan and happy fasting! Dear customers! On this memorable day OctaFX would like to congratulate our clients with the great holiday of Ramadan! We wish you happy fasting and let prosperity and peace come into your family and home! Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!
  2. AUD/USD eases off highs in risk-off movement FXstreet.com (New York) - The AUD/USD foreign exchange rate eased substantially in an instant Tuesday, triggered by a sweeping bout of risk aversion that is permeating the market. At the time of writing, the AUD/USD is now trading at 0.9151, still recording an advance of +0.21% above its opening, though well off its highs that were in excess of the 0.9200 level (0.9203 intraday high). AUD/USD technical bias According to Karen Jones, an analyst at Commerzbank, “The AUD/USD faces risks in the near-term as a hold below the 0.9388/0.9404 resistance leaves the overall probability of a continued downside.” In addition, “The AUD/USD’s move to the upside during yesterday and the Asian session today was triggered by a failure to stabilize below Linear Regression Indicator 34 and 55. However, the pair is within a descending channel, as stability below the key resistance level of the descending channel at 0.9290 keeps the possibility of extending the overall negative bias.” The AUD/USD has stubbornly clung to the 0.9145 region (200-day SMA), as this is a critical level that will determine the pair’s near-term directional trend. Most recently, the pair weakened off the 55-day MA, as this region proved too much to handle – immediate resistance lies at 0.9145, onto 0.9190. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 09, 2013 OctaFX.Com News Updates
  3. Flash: GBP Bottom of G10 – TD Securities FXstreet.com (London) - Research teams at TD Securities said the GBP is at the bottom of the G10 performance rankings after a disappointing UK industrial production print (particularly in view of last week’s encouraging PMI numbers). “That’s pressed GBPUSD to a marginal new low in the June/July trend, but importantly the March low has so far held (1.4835). A close below there would be a key bearish sign, targeting an extension toward the mid 1.42 area”. They also said the EURUSD is sitting on a the cusp of making a rather bearish signal with key long term support just above 1.2800. “Whether we see a rebound in these pairs in the coming days relies on the USD side of the equation, where tomorrow’s FOMC minutes and Bernanke’s speech should be a deciding factor”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 09, 2013 OctaFX.Com News Updates
  4. OctaFX.com-Feel free to ask question! We invite you to be part of OctaFx for your success future, OctaFx offering 30% each deposit bonus as well 8USd no deposit bonus, fast server no re-quoutes guaranty so, join right away to became successful trader. Feel free to ask any question about OctaFx. we are glad to serve you the right way. :) We are here to help 24/7 because its our pleasure to server you! Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!
  5. Flash: BoEs inaction a source of action – Investec FXstreet.com (New York) - The Bank of England (BoE) took some Canadian influence yesterday by releasing an accompanying statement with the decision not to change policy by the MPC, notes Lee McDarby, Corporate Treasury at Investec. By any measure, this is a big move by Dr. Carney introducing statements akin to those made by the Bank of Canada during his tenure and proves that he is by no means afraid of rocking the boat. It also adds a greater level of transparency and means that the Monetary Policy Committee has to provide a sneak preview of their cards ahead of the traditional release of the minutes. However, “although this is ultimately a good thing for the Central Bank the dovish statement sent the pound tumbling as we also saw sharp falls in gilt yields.” McDarby adds. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 05, 2013 OctaFX.Com News Updates
  6. USD/CHF trading at resistance FXstreet.com (New York) - The USD/CHF technical pair retraced higher Friday, operating in these moments at calculated resistance which seems to have prevented any sustained push. USD/CHF price explosion above 0.9620 “Traders continued to take the USD/CHF upwards above 61.8% Fibonacci level approaching the intraday resistance at 0.9620. Technical indicators remain positive and thus, our bullish scenario remain intact. A sustained break above 0.9620 will bring upside price explosion.” notes the ICN.com Technical Analyst Team. USD/CHF path higher marked by barriers of correction Amidst the recent easing, the USD/CHF is still entrenched in positive territory, operating at 0.9628 presently, gaining +0.65% Friday. The Danske Research team points to resistances for the USD/CHF at 0.9624, then 0.9651, and 0.9666. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 05, 2013 OctaFX.Com News Updates
  7. GBP/USD back above 1.4900 FXstreet.com (Córdoba) - The GBP/USD managed to trim some of its recent losses, climbing back above 1.4900 as the immediate NFP effect fades. GBP/USD still feeling BoE pressure GBP/USD fell to a fresh 4-month low of 1.4856 in the wake of US employment figures and still weighed by BoE dovish statement, but found buyers and it is staging a corrective movement. At time of writing, GBP/USD is trading around 1.4910/15, where it records a 1.0% loss on Friday, having dropped over 400 pips within the last 48 hours. GBP/USD levels to watch As for technical levels, Valeria Bednarik, chief analyst at FXstreet.com locates next resistances at 1.4950 and 1.5000, while she places supports at 1.4860, 1.4830 and 1.4790. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 05, 2013 OctaFX.Com News Updates
  8. OctaFX.com- OctaFX King of the Road Contest Current update of OctaFX Champion Demo Contest! Currently our top contestant royanfx(86) from Malaysia has piled up with 187 Points. So, come and grab the opportunity and be the part of matchless traders. Deposit to your account today, register for the contest and let the most proficient trader win! How to take part in the contest Start Now! Thank you for trading with OctaFX. Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!
  9. USD/CHF moves above resistance to test intraday highs FXstreet.com (New York) - The USD/CHF foreign exchange has been swinging slightly near the top end of its trading range today, clinging to widespread gains during US trading. USD/CHF breaks past resistance At the time of writing, the USD/CHF pair is operating at 0.9581, just shy of a session high of 0.9585, securing a gain of +1.18% during US trading. Following a move above the 0.9568 resistance, the Danske Research Team points to resistances at 0.9651. On the decline, the pair will face supports at 0.9447, ahead of 0.9438, and 0.9407. USD/CHF positive expectations remain “The USD/CHF is still trading around 0.9485, but failed to stabilize above Linear Regression Indicators supporting the intraday positive outlook. In general, we hold on to our positive intraday expectations today unless the pair breaks 0.9400 levels supported by the bullish harmonic pattern.” notes the Technical Analyst Team at ICN.com. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 04, 2013 OctaFX.Com News Updates
  10. Commodities Brief – Precious metals in retreat, crude maintains 101.00 FXstreet.com (New York) - Precious metal prices retreated slightly Thursday, having been confined to a tight range and devoid of any breakouts during a rather tranquil session. Gold neutral outlook intraday Gold prices have traded slightly lower during US trading, albeit in a muted consolidation on accounts of the American July 4 holiday. However, the yellow metal remains within a tight range, and accordingly a neutral stance is recommended. At the time of writing, gold prices are trading at USD $1248.30 per oz. Thursday. Silver bullish rebound likely Silver prices retreated towards a broken flag pattern, remaining entrenched above the 19.30 support level, still allowing for a bullish rebound. At the current levels, the price of silver has now moved to USD $19.55 per oz. during US trading. WTI crude oil bullish bias prevalent WTI crude oil is retesting 100.70-support level, looking to long dips towards 100.50, expecting another upside attempt. However, settling back below 100.70-100.50 may invalidate the intraday bullish bias and lead to a deeper downside correction. In these moments, WTI crude oil is negotiating a price of USD $101.08/bbl Thursday. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 04, 2013 OctaFX.Com News Updates
  11. OctaFX.com- Success stories from Round 15 winners revealed!! Dear traders! We are glad to announce that OctaFX Champion Round 15 has been successfully finished. New 16th Round has started on July 1 and is gaining momentum! OctaFX Champion Demo Contest offers you a unique chance to test your trading skills and compete for the prizes! Everyone can participate and the winners can withdraw their prizes or even use them for live trading. OctaFX congratulates Round 15 winners! Mr. Diego Reppie showed the best results. He gets 500 USD for his 1st place Mr. Сheng Luo finished in 2nd place. He receives 300 USD Ms. Maria Karpova took the 3rd place. One hundred USD goes to her live account Another 100 USD receives Mr. Rinku Lath for coming last! Well done! As usual, we publish short interviews with the winners. We hope you will find their experience helpful. What is the key factor of your success? Why are you better than everyone else? Q:Mr. Diego Reppie: As traders, we are required to be patient and disciplined. Therefore, only trading opportunities with the highest probability are playable. (Selecting Trades) A:Mr. Сheng Luo: I think my success, at present, is most likely based on my good luck, because I’ve just traded for less than half a year. A:Ms. Maria Karpova: For me the key is persistence! A:Mr. Rinku Lath: I am trading on a daily basis and watching the frequency & fluctuation of market very attentively. I know that every pair have its up and down twice to thrice a day & it helps to maintain the profit/loss level. I do not know if I am the better than others, as everyone tries to be better, but some get success and some fail. Q:Which is better, EA or manual trading? A:Mr. Diego Reppie: Both have their own advantages and disadvantages A:Mr. Сheng Luo: I normally trade manually. A:Ms. Maria Karpova: I do not use EA and I trade only manually. A:Mr. Rinku Lath: : Manual trading is better as per my opinion as it helps to generate more profits. Q:What trading tools are most preferred by you? Majors or exotic, and why? A:Mr.Diego Reppie: Focus on Majors to maintain constant profit rather than divided attention maintaining too many pairs and lost focus. A:Ms. Maria Karpova: I trade only EUR/USD. A:Mr. Rinku Lath: USD/JPY & EUR/AUD as I think they have more swings & if you trade them, you can get more profit. Most prefer to trade majors but I like exotic because they are the most interesting pairs. Q:How long does it take to become a good trader? A:Mr. Diego Reppie: A good trader knows the way to maintain discipline, to control emotions and uses money management. A:Mr. Сheng Luo: From my point of view, to become an excellent trader, in the context of constant update oneself with new knowledge and trade experience, requires at least one year. A:Mr. Rinku Lath: If anyone traded in shares than it becomes easy to learn currency. Also if you take chance to trade in Demo; it also helps to generate profit in real trading faster. However, you must use only 10% of the balance for any traded pair. It helps to gain maximum profit. We appreciate their responses! We take this chance to remind you that Round 17 starts on July 29. Participate and win your share of the prize pool! Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!
  12. AUD/USD eases off highs FXstreet.com (New York) - The AUD/USD technical pair retreated off session highs at 0.9183 Thursday, easing slightly during US trading in recent moments. AUD/USD holds onto the majority of its gains At the time of writing, the AUD/USD is still notching steadfast gains at +0.80% above it’s opening, navigating the region of 0.9160 presently. The Mataf.net analyst team has identified the next short-term measures of resistance at 0.9181 (session highs), then 0.9263, and 0.9335. Alternatively, support lies below at 0.9027, then 0.8955, and ultimately 0.8873. AUD/USD slide below 0.85/90 2014 range According to the TD Securities Team, “After two months of underperformance, we remain more bearish on the AUD overall. In fact, we have changed our call on the RBA (now expecting another 25bps rate cut by year end) and have accordingly cut our AUD outlook through this year and next. We now forecast the AUD/USD to trade closer to 0.90 for the second half of this year, and slide to the 0.85/90 range over 2014.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 04, 2013 OctaFX.Com News Updates
  13. USD/JPY settling at support FXstreet.com (New York) - The USD/JPY foreign exchange rate has instigated a minor recovery Wednesday, with the markets gripped in risk appetite during US trading. USD/JPY trading at support In these moments, the USD/JPY technical pair is still down -0.84%, navigating the region of 99.78 during US trading. Mataf.net analysts postulate the next supports at 99.84, ahead of 99.02, and 98.52. USD/JPY could turn lower in coming days According to the TD Securities Team, “The JPY is the G10 outperformer and the USD/JPY could also be heading for an outside range day that would foretell a turn toward lower levels in the days ahead. Considering the large spec net short position out there at the moment, the JPY may be at risk of a short squeeze.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 03, 2013 OctaFX.Com News Updates
  14. OctaFX.com- OctaFX.Com - SWAP FREE ACCOUNT Due to growing demand OctaFX introduced swap-free accounts. Whether your beliefs or trading strategy requires swap-free trading, you can always open a swap-free account at OctaFX. You can always apply for swap-free account at registration, no matter whether you choose Micro or ECN account. No overnight charges will be applied to your account. OctaFX respects various trading strategies and does its best to meet every possible client's requirements and expectations. To apply for a swap-free account please check the box "swap-free" when opening your account. Your account will be automatically assigned a swap-free status. Join OctaFX today and start your trading! Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!
  15. USD/JPY rockets to session highs FXstreet.com (New York) - The USD/JPY foreign exchange rate surged to session highs Tuesday during US trading, advancing steadfastly as the USD strengthens across the board. USD/JPY trading at resistance In these moments, the USD/JPY technical pair is botching a robust gain of +1.05%, establishing fresh highs at 100.71. According to the Danske Research Team, following a break above the 100.47 resistance, the pair will face the next measure of correction at 100.73. USD/JPY path clear towards 105.00/106.00? According to Head of Global Markets Research Tim Riddell at ANZ, “As the USD/JPY continues towards the secondary squeeze target of 100.00, the biggest concern is that this is not merely a sharp corrective squeeze, but could be an early resumption of JPY weakness and a push towards 105.00-106.00.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 02, 2013 OctaFX.Com News Updates
  16. EUR/GBP jumps into positive territory FXstreet.com (New York) - The EUR/GBP technical cross has rallied higher Tuesday, breaking into positive territory and threatening the 0.8600 level. EUR/GBP cannot breach 0.8600 barrier At the time of writing, the EUR/GBP has edged higher to the 0.8590 level, still below its earlier highs at 0.8597. Presently however, the cross is notching a +0.04% advance, after a rapid recovery during US trading. The Mataf.net analyst team has identified the next short-term measures of resistance at 0.8602, then 0.8621, and 0.8648. Alternatively, support lies below at 0.8556, then 0.8529, and ultimately 0.8510. EUR/GBP still looks to break higher According to the Analyst Axel Rudolph at Commerzbank, “The EUR/GBP nears resistance at 0.8596/97 (the May high and cloud resistance). However, very shortly the cloud will thin and the risk of a break out from the 0.8470-0.8597 range will increase. Following repeated tests and recovery off 0.8470 the favored direction is still for a break higher.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 02, 2013 OctaFX.Com News Updates
  17. A newer faster server in Asia! Dear traders! OctaFX is all about making your trading convenient! We are expanding our services geography and range all the time. Due to rapidly growing demand we are announcing the new faster server for our clients in Asia-Pacific Region. Since the server is located in Malaysia, it means faster connection, even faster execution and great forex trading experience! Try it today! Please note that you don’t have to change anything in your MT4 software setup. Your MT4 will automatically connect to the fastest server in your area. Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!
  18. EUR/USD operating slightly off its intraday highs FXstreet.com (New York) - The EUR/USD foreign exchange rate has hung onto its robust gains during the entirety of the US session, still navigating slightly off its intraday highs at 1.3070. EUR/USD trading above its 20 and 50-day SMA Presently, the EUR/USD technical pair is still operating positively at 1.3062, up +0.38% in these moments. Technically speaking, the pair is trading above both its 20 and 50-day SMA. EUR/USD a sell above 1.3055 According to the Danske Research Team, “We look to sell the EUR/USD at 1.3055, targeting 1.2934. Moreover, we recommend placing a stop at 1.3110. Resistances are found at 1.3076, onto 1.3110. On the decline, a break below 1.2985 will open up supports at 1.2956 and 1.2934.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 01, 2013 OctaFX.Com News Updates
  19. EUR/JPY operating at intraday highs FXstreet.com (New York) - The EUR/JPY technical cross is now operating at intraday highs during US trading, gradually augmenting its gains throughout the day. EUR/JPY upside doesn’t subside The EUR/JPY is presently trading at intraday highs at 130.27, having jumped +0.83% above its opening Monday. After breaching resistance at 129.89, the Danske Research Team identified further levels of resistance at 130.70, onto 131.30. Conversely, supports are found at 128.27, ahead of 127.60, and 127.49. EUR/JPY further bullishness intraday According to Technical Analyst Team at ICN.com, “The EUR/JPY managed to breach the resistance of the minor descending channel, forming the upside continuation Flag Pattern that supports extending the upside move in the upcoming period. Therefore, we expect further bullishness over intraday and short term basis, targeting areas from 131.05 then 133.75 as far as the pair maintains stability above 128.55.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 01, 2013 OctaFX.Com News Updates
  20. OctaFX.com- OctaFX awarded Best Customer Service Broker Asia 2013!! Dear Clients! We are extremely proud to announce that OctaFX has been awarded as the Best Customer Service Broker Asia 2013 by Global Banking and Finance Review. Global Banking and Finance Review is an online portal which provides informative and independent news for the global banking and finance industry. Global Banking and Finance Review has objective and respected editorial contributions from all major sectors, such as FOREX, Asset Management, and more. The editorial contributions are from various Central Banks, independent organizations and independent bodies. The readership comprises of senior decision makers from fortune 500 companies, large banks, financial institutions and Central Banks from 170 different countries. OctaFX has achieved tremendous success in terms of Customer Service this year. Huge resources were used to improve our Customer Service drastically. And when we talk about customer service we talk about customer trading experience first of all. Forex trading is the main service we offer and it must be flawless. During this year we have amazingly improved our trades execution making it one of the fastest among Forex brokers. We were one of the first to remove requotes, so much hated by the traders. Not a single requote was ever shown to OctaFX customers. Finally we have introduced the lowest ECN spreads, making our clients happy and satisfied. This has become true as a result of our hard work to provide the best customer service level in forex industry. We would like to thank the reviewers and jury, as well as all our clients who supported us. OctaFX has reached yet another success level and became a multi-awarded world-recognized broker. Our effort has been valued by the team of international market professionals, who picked winners from a vast number of brokers. It’s been a tough struggle. We are pleased to be the winners of such a valuable and precious award. We would like to thank the trader’s community once again for supporting us during this year and promise to offer more and more amazing services and promotions to our clients worldwide. Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!
  21. US markets mixed as month-end flows weigh Fxstreet.com (Edinburgh) - Shares in the US markets are closing the quarter with gains on Friday, propped up by rebalancing month-end flows and better-than-estimated US consumer sentiment. The greenback is trading in the upper end of today’s range, hovering over 83.50 after climbing as high as the boundaries of 83.60. The DowJones is losing 0.15% while the Nasdaq and the S&P500 are advancing 0.47% and 0.14%, respectively. Markets in Euroland closed in a ‘sea of red’ after jitters regarding the probable next steps of the US monetary policy re-emerged amongst traders. The IBEX35 was the worst performer, down 1.04%, followed by the CAC40, 0.62% and the FTSE100, 0.45%. After piercing the key resistance at 1.3100, the single currency plummeted to the area of 1.2990 just to stabilize later around the current area of 1.3000/10. After the recent sharp sell-off, the ounce troy of the precious metal is recovering some ground, advancing 1.23% at $1,227. The barrel of WTI is following suit, up 0.18% at $97.19. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 28, 2013 OctaFX.Com News Updates
  22. EUR/USD steadies around 1.3000 FXstreet.com (Córdoba) - Following a sharp dip, EUR/USD managed to find support and stabilized around 1.3000 during the American afternoon. EUR/USD finds support at 1.2990 EUR/USD dropped from the 1.3100 area to a 2-day low of 1.2990 during the New York session amid strong USD buying interest into the month- and quarter-end. However, the decline slowed just ahead of this week's lows, confining the pair to a narrow range over the last hours, with the Cyprus downgrade by Fitch having no effect on the EUR/USD. At time of writing, EUR/USD is trading around 1.3000, where it is 0.3% below its opening price, with immediate supports at 1.2984 (Jun 26 low) and 1.2955 (Jun 3 low). On the other hand, resistances line up at 1.3100 and 1.3150 (Jun 21 high). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 28, 2013 OctaFX.Com News Updates
  23. Session Recap: USD mixed into the month-end FXstreet.com (Córdoba) - The dollar is mixed against the majors into the month- and quarter-end. The yen trades overall softer amid better sentiment, as fears of imminent QE tapering by the Fed eased after comments from Dudley and Lockhart on Thursday. EUR/USD rose to the 1.3080 area, while USD/JPY claimed the 99.00 mark. Elsewhere the greenback trades flat versus the other majors and currencies linked to commodities. However, AUD/USD is among the worst performers given gold's weakness, which dropped below $1200 an ounce today. Main Headlines in Europe: Germany: Retail Sales rise 0.8% in February UK: Annual Nationwide Housing Prices grow 1.9% in June Flash: What can we expect from the EUR/USD – UBS and Commerzbank UK: Index of Services rises 0.2% in April, as expected OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 28, 2013 OctaFX.Com News Updates
  24. Start your successful trading with OctaFX today! Trade Forex with OctaFx and get: 30% Bonus Free 8 USD No Deposit Bonus! Requote-free Trading 1000 USD Demo Champions Contest Road King contest chance to win "Porsche Panamera, Ipads, Mac, Iphones & more Daily reviews and trading ideas Demo accounts Clients Funds Protection Lowest Spread Low as 2.0 Metatrader PC, IOS Mobile, Android, (News in your Metatrader 4 from OctaFX and FXstreet.com) Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!
  25. EUR/CHF consolidates above 1.2300 FXstreet.com (Córdoba) - The euro has accomplished gains versus most competitors on Thursday, supported by better-than-expected German employment data and upbeat EMU confidence surveys. EUR/CHF rallied over 80 pips throughout the day, breaking above the 1.2300 mark, to score a 1-week high of 1.2336 at the beginning of the NY session. However, the pair lost momentum during the American afternoon and retreated slightly. EUR/CHF moves off 8-week lows At time of writing, EUR/CHF is trading at the 1.2325 area, still up 0.5% on the day. EUR/CHF has been steadily edging higher over the last days after bottoming out at 1.2216 on Monday. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 27, 2013 OctaFX.Com News Updates
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