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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

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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

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