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Stock Rally Fizzles as Investors Square up Ahead of Fed Announcement

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Jan 27, 2010.

  1. futuretrends24

    futuretrends24 New Member

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    Today’s sample of Futures Analysis from FuturesHound.com

    U.S. equity markets could not hold on to its earlier gains and fizzled into the close. Earlier today, the market got a boost, driven higher by good corporate earnings reports and a better than expected consumer confidence report.

    Before the opening, stock markets were called lower after a volatile Asian trade triggered by a possible debt rating cut in Japan and another sign that China was serious about tightening its monetary policy. Trading became progressively rangebound as investors began to close positions ahead of the Fed FOMC meeting.

    Treasury futures opened higher because of increased demand for safer assets, but cooler heads prevailed throughout the day-session, sending higher risk assets up and fixed income markets lower. The March Treasury Bonds once again failed inside a major 50% retracement zone, but managed to close off its low to prevent a daily closing price reversal. Look for sideways trading overnight.

    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.
     
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