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Friendly U.S. Economic Reports Underpin Stocks

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

  1. futuretrends24

    futuretrends24 New Member

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

    Traders looking for pre-holiday selling pressure in the equity markets today received a surprise when better than expected initial claims and durable goods reports helped underpin the markets while driving prices to their highest levels this week.

    Treasuries continued to weaken. March Treasury Bonds and Treasury Notes sold off following the better than expected initial claims and durable goods reports. Signs of an economic recovery should continue to provide upside pressure on yields as traders price in the strong possibility the Fed will hike interest rates sooner than expected.

    The U.S. Dollar finished lower against a basket of currencies under thin, pre-holiday trading conditions. Today’s weakness could have been worse had it not been for better than expected initial claims and durable goods. Both reports signaled an improving economy.

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

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