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Equity Futures Rally After Close

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Oct 13, 2009.

  1. futuretrends24

    futuretrends24 New Member

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

    U.S. equity futures are trading higher after the close following a better than expected earnings report from Intel. Throughout the day the markets treaded water as traders were unwilling to commit heavily to either side prior to the release of the Intel figures. Expectations are for upside momentum to build overnight, leading to a potential gap opening higher tomorrow.

    U.S. Treasury markets finished the day better. Oversold conditions and position evening after last week’s sell-off helped to boost prices today. Tomorrow U.S. Retail, Business Inventories and FOMC minutes are likely to move the markets. Bullish earnings from Intel could send T-Bonds and T-Notes lower overnight because of increased demand for higher risk assets.

    The U.S. Dollar tried to mount a strong comeback throughout the trading session today but failed near the close when Intel reported the good earnings. The December British Pound posted a daily closing price reversal which could lead to higher markets tomorrow. The December Canadian Dollar finished lower but well off its lows following remarks from the Canadian Prime Minister regarding the rapid rise in the currency and its possible negative effect on Canadian exports.

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

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