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Stocks Finish Sharply Lower; More Downside Likely

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, May 15, 2010.

  1. futuretrends24

    futuretrends24 New Member

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    Today’s sample of Futures Analysis from FuturesHound.com

    U.S. stock markets finished sharply lower on Friday although a short-covering rally late in the session pared a decent portion of the loss. The indices accelerated to the downside after the Euro broke through last week’s low at 1.2518.

    The move in the Euro began as a report that France’s president had threatened to pull his nation out of the Euro Zone. French President Nicolas Sarkozy’s comments reignited the fear of a collapse in the currency. Traders divested out of higher risk assets pressuring U.S. stocks.

    Fear that the collapse in the Euro Zone will plunge the world into another recession weighed on investor’s minds as they pared positions in anticipation of reduced future earnings.

    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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