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Equity Futures Try to Gain Traction Depend Bad Microsoft Earnings

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Jul 25, 2009.

  1. futuretrends24

    futuretrends24 New Member

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

    September Stock Index futures are trading higher at the midsession seemingly unfazed by last night’s bad earnings reports from Microsoft, Amazon and American Express. This morning’s trade has been two-sided. The indices opened lower but quickly rallied only to break again on less than friendly Michigan Sentiment news. Currently these indices are stuck at the mid-point of the range between yesterday’s high and today’s low. Look for volatility to pick-up near the close with today’s opening acting as an important pivot price.

    September Treasury Bonds and Treasury Notes are trading higher this morning. The weaker equity markets could be encouraging investors to take a little money out of stocks and redeploy it into fixed income instruments. A late stock market rally could put pressure on the Treasuries.

    August Gold is trading flat at the mid-session. This market has had a strong week despite higher equities and comments from Fed Chairman Bernanke regarding the Fed’s control over inflation. Traders may be betting on a weaker Dollar over the near-term.

    Read 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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