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Stock Traders Step Out Ahead of Friday’s Jobs Report

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

  1. futuretrends24

    futuretrends24 New Member

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    Today’s sample of Futures Analysis from FuturesHound.com

    Stock traders stepped out ahead of Friday’s U.S. Jobs Report after trading in a tight and narrow range over the past 5 days. Equity markets finished higher even after a few attempts to erase the earlier gains. Investors drove up world stock markets on the prospects of a faster than expected global economic recovery.

    Thursday’s rally began overnight when China reported better than expected PMI Manufacturing. The move continued following a friendly U.S. Weekly Initial Claims Report. This news drove the June E-mini NASDAQ and June E-mini S&P to new highs for the year. Despite a better than expected U.S. PMI Manufacturing Report, buying dried up and the markets settled into a sideways-to-lower range before mounting a slight recovery into the close.

    At first glance, the inability to accelerate through the highs for the year is a sign of developing weakness, but one has to remember that thin trading and low volatility ahead of Friday’s U.S. jobs report may be keeping major market players on the sidelines.

    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.
     
  2. jreshu

    jreshu New Member

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  3. honeyks

    honeyks New Member

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    Buy AREVA 317-319 sl 305 trgt 340-360-380 in short term
     
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