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Dollar Finishes Mixed in Lifeless Trade; Bernanke Key to Direction

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Feb 22, 2010.

  1. futuretrends24

    futuretrends24 New Member

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    Today’s sample of Futures Analysis from FuturesHound.com

    Today was a relatively flat day for most commodities and stocks. The inability of the Dollar to pick a direction helped to pressure gold, crude oil and stock indices.

    The way the March Treasury Notes and March Treasury Bonds traded, one would expect Bernanke say something later this week about future rate hikes. On Monday, Treasury futures finished lower in a slow trade.

    The U.S. Dollar traded mixed in a tight and narrow range. The trade weighted Dollar Index finished slightly lower after confirming last Friday’s closing price reversal top.

    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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