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Stocks Soar on Optimistic News Regarding Euro

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Mar 24, 2010.

  1. futuretrends24

    futuretrends24 New Member

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

    U.S. equity markets overcame a flat trading session to surge to the upside into the close. Tuesday’s strength came as a bit of a surprise because of the weakness in the higher risk currencies. Investors turned more optimistic about holding onto higher risk assets on the news that France and Germany may be behind an agreement between the International Monetary Fund and Greece.

    June Treasury Bonds finished lower in flat, light trading. Investors seemed unwilling to take a position until they see this week’s auction results. Investors fear that the higher return in the equity markets will encourage traders to seek higher yields in T-Bonds, thereby driving down prices. Furthermore, some traders feel that the war of words between the U.S. Treasury and China over currency valuation will lead to less demand from the Chinese.

    The stronger Dollar put pressure on April Gold early in the trading session, but turned around once news began to leak that Germany and France were behind a potential financial aid package agreement between the IMF and Greece.

    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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