1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Renewed Demand for Risky Assets Pumps Up U.S. Equities

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Jan 4, 2010.

  1. futuretrends24

    futuretrends24 New Member

    Joined:
    Apr 30, 2009
    Messages:
    234
    Likes Received:
    0
    Today’s sample of Futures Analysis from FuturesHound.com

    Renewed demand for higher risk assets helped to drive the March E-mini S&P 500 through the December high at 1126.50 to 1129.75. A better than expected U.S. Manufacturing report helped to underpin the U.S. markets and create upside momentum. Traders seem to be positioning themselves for further upside on expectations the economy will continue to improve.

    A surge in demand for higher yielding assets is also helped drive crude oil and gold prices higher. A firm undertone was present throughout the day at the expense of the Dollar.

    The strong rally in February Gold turned the main trend to up on the daily chart on the move through $1114.50. The daily chart indicates this market is poised to rally another $30 back to a retracement zone at $1151.30 to $1169.30. A break in the Dollar will put upside pressure on the gold. Upside momentum seems to be building for a big move to the upside.

    Read full article at 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.
     
Loading...

Share This Page