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Stocks Retreat after Fed’s Hoenig Calls for Rate Hike

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Apr 8, 2010.

  1. futuretrends24

    futuretrends24 New Member

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    Today’s sample of Futures Analysis from FuturesHound.com

    U.S. equity markets retreated after Kansas City Fed President Hoenig called for the central bank to begin increasing interest rates before another asset bubble forms. Although a Treasury auction early in the session indicated that the Fed would most likely keep interest rates low for a prolonged period, nervous traders chose to listen to Hoenig and sold equities.

    Earlier in the session, U.S. stocks rebounded after a weaker opening but were not able to hold on to gains as pressure from a possible default by Greece appeared to weigh on investors.

    The inability of the Dow to penetrate 11,000 also pressured the markets. Earlier in the week, a divergence between the indices developed. Traders may be trying to drive the stock indices lower to create value which could attract fresh money.

    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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