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Dollar Rally Pressuring Equities

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Dec 10, 2009.

  1. futuretrends24

    futuretrends24 New Member

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

    An intraday rally in the Dollar is helping to pressure U.S. stock index futures. Traders are jumping in the Dollar for safety and out of higher risk assets. Fears that a global debt crisis is building is causing traders to seek shelter in the Dollar. End of the year selling is also pressuring stocks as traders are taking money off the table rather than risk a substantial correction in their portfolios.

    Despite the firming Dollar, March Treasury Bonds and Notes are trading lower. This could be because investors are asking for higher yields at today’s 10-year debt auction.

    The U.S. Dollar finished the day session lower in lackluster trading with very few highlights. Profit-taking overnight led to a lower opening, but news that S&P lowered the credit rating of Spain helped the Dollar limit losses. Later in the trading session, the Dollar reversed course and began to lose ground once again as traders reassessed the fundamentals and decided that the recent rally may have been overdone.

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

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