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Equity Markets Finish Weaker as Bulls Take a Breather

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Sep 17, 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 markets took a short break today following a fierce three day run-up which saw the major indices reach their highest prices in almost a year. The trend is up but today’s close near the lows could be an indication of a weaker opening tomorrow. Investors have been buying almost any kind of early weakness lately so a weaker opening tomorrow may turn into a buying opportunity.

    Treasury futures posted gains today. December Bonds and Notes moved higher after equity markets began to weaken as traders decided to park some of there excess funds in fixed income instruments.

    The U.S. Dollar finished mixed against most major currencies. Demand for higher risk assets seemed to be missing from the markets today which led to some profit-taking in the foreign currency markets. The December British Pound finished lower, driven by concerns about a weak economy. Clearly, the U.K. economy is lagging the U.S. and the Euro Zone economies.

    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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