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Stocks Finished Mixed in Light Trading

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Sep 22, 2009.

  1. futuretrends24

    futuretrends24 New Member

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

    U.S. equity futures finished the day mixed as demand for higher yielding assets dropped along with volume. Dow and S&P 500 futures fell, but the NASDAQ was able to post a gain driven by M&A activity.

    The U.S. Dollar finished up for the day in a move which began on Friday. At that time investors began to pare positions ahead of this week’s FOMC and G-20 meetings. Traders are lightening up their short Dollar positions in anticipation of an announcement by the Fed to end its stimulus programs.

    Some traders also believe that the Fed is working on an exit strategy. Investors will also be watching the G-20 meeting later this week. Among the topics to be discussed are government stimulus and the Dollar as a reserve currency. Investors expect to get clarity from other central banks as to the timing and the impact of ending government stimulus plans. In addition, there will most likely be discussion about reducing the U.S. Dollar’s role as the global reserve currency.

    Read 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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