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Futures Technical & Fundamental Analysis Recap

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Jul 9, 2009.

  1. futuretrends24

    futuretrends24 New Member

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

    Equity markets fell sharply lower in anticipation of worse than expected corporate earnings reports. Investors are looking for any reason to get out of this market as they are now beginning to realize that the entire March to June rally was created without substance. Stock prices just got cheap and investors bought them looking for a quick return. Investors seemed to have forgotten about the second phase of the investment cycle. After the initial rally, investors need to see real improvements in earnings to support a rally. Currently, traders are not too optimistic about the future of the U.S. economy and are selling stocks to reflect this concern.

    Despite an increase in government debt September Treasury Notes continued to post strong gains on Wednesday. Based on the main range of 124’10 to 112’25, traders were anticipating a retracement to 118’18 to 119’29. This first objective was met today. There may be a technical bounce off this price before the uptrend resumes. Investors are showing that they don’t seem to care about how much debt the Treasury is putting into the economy.

    The downtrend resumed in August Gold. Falling commodity markets and a decline in the threat of inflation has caused this market to plunge sharply lower since posting a major top in early June at 992.10 and a minor top at 949.00 in late June. Without even the hint of inflation to attract buyers, continue to look for more downside pressure.

    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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