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Stocks fall as Traders Seek Safe-Haven Investments

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Dec 18, 2009.

  1. futuretrends24

    futuretrends24 New Member

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

    U.S. stock markets traded hard to downside on Thursday fueled by fears of a financial crisis in the Euro Zone. Stocks began their sell-off last night following a downgrade of Greece’s debt by the S&P credit rating service. The markets accelerated to the downside shortly after the U.S. opening partly on a higher then expected initial claims figure.

    Traders for the most part sought refuge in safe haven investments such as the U.S. Dollar and Treasury instruments. Although no significant damage was done to the charts, the tone of the market seems to be shifting to more down beat, which could be an indication of further weakness to follow.

    March Treasury Bonds surged to the upside as they were the recipient of funds being pulled from the equity markets. Traders fearing an end of the year meltdown in equities increased demand for a safe haven investment. Yesterday the Fed’s statement signaled an end to cheap money, causing yields to rise, but investors ignored this news today.

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

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