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Economic Reports, Goldman Sachs Pressure Stocks

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Apr 30, 2010.

  1. futuretrends24

    futuretrends24 New Member

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    Today’s sample of Futures Analysis from FuturesHound.com

    Stock fell sharply lower after U.S. economic reports disappointed investors and rumors circulated that the Feds were going to look for criminal activity at Goldman Sachs.

    Today’s break was initiated by a weaker than expected U.S. GDP report. Although the report showed that the economy expanded by 3.2%, economists were looking for an expansion of 3.3%.

    Later, in the morning, a weaker than expected consumer sentiment report helped to accelerate the break. Some traders feel that although the EU and Greece are expected to have a bailout deal worked out by the end of the week-end, there is just too much risk in holding risky assets like stocks over the week-end. Additional pressure is coming on chatter regarding a possible criminal investigation of Goldman Sachs.

    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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