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Demand for Higher Risk; Bullish Outlook for Economy Boosts Stocks

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Apr 6, 2010.

  1. futuretrends24

    futuretrends24 New Member

    Apr 30, 2009
    Likes Received:
    Today’s sample of Futures Analysis from FuturesHound.com

    Demand for higher risk assets and a bullish outlook for the economy helped drive U.S. equity prices higher on Monday. Stocks opened higher and held on to gains after getting a boost from better than expected ISM Non-Manufacturing data and an unexpected positive change in pending home sales.

    Although stocks were firm, the rally was a grind. Many traders felt overbought conditions triggered the labored rally, but at this time there is no alternative to the yields that stocks have been delivering. Although this market is still trending, gains could be limited by higher interest rate worries.

    There is no technical significance of an 11,000 Dow, but the market did hesitate as it neared this price level today. Psychologically, crossing this barrier this week could trigger a surge to the upside as it will give traders a confidence boost.

    Read full article at full article at FuturesHound.com as well as Futures Analysis, Futures Education and exclusive timely market Gann Analysis

    Disclaimer: Trading on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you cannot afford to lose.

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