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Stocks Rally then Falter; Investors Still Reluctant to Chase Higher.

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Oct 26, 2010.

  1. futuretrends24

    futuretrends24 New Member

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

    The weaker Dollar led to an early surge in equity markets, but the rally fizzled as U.S. investors still remained reluctant to chase this market higher. The current rally looks labored and vulnerable to a break, but investors have been supportive on the dips.

    Look for this pattern to continue as long as the Fed’s quantitative easing plan is still on the table. Traders may begin to pare positions ahead of the November 2 and 3 Federal Open Market Committee meeting, but no one is certain when that type of positioning is going to take place. This means we could be looking at a few days of sideways action.

    The U.S. Dollar lost ground overnight in reaction to the news that the G-20 couldn’t offer any support to the ailing Greenback. After an initial thrust to the downside, profit-taking was able to drive the Dollar off its lows.

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

    Disclaimer: Trading foreign exchange on the 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.
    #1 futuretrends24, Oct 26, 2010
    Last edited: Oct 26, 2010

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