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Stocks Rally after Dollar Gives Back Mid-Session Gains

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Mar 9, 2010.

  1. futuretrends24

    futuretrends24 New Member

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

    U.S. stock indices treaded water all morning following an overnight rally that was prompted by greater demand for higher risk assets. At the mid-session, the Dollar mounted a slight recovery but was not able to hold unto gains into the close. This helped boost equity prices late in the trading session, but the market still remained in a tight range.

    June Treasury Bonds posted a comeback near the mid-session after breaking to near a 50% level at 116’04 earlier in the session. T-Bonds were down as investors shifted their interest toward higher risk assets.

    The strengthening Dollar helped to drive April Gold and June Crude Oil lower. Liquidation may have been taking place in gold by traders who were looking for the demise of the Euro because of the Greek financial crisis.

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

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