1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

U.S. Consumer Confidence Helps Launch Equity Market Rally

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Aug 25, 2009.

  1. futuretrends24

    futuretrends24 New Member

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

    A big improvement in the S&P/Case-Shiller Housing Report helped support the U.S. equity markets early in the trading session but it was the better than expected U.S. Consumer Confidence Report that helped launch the stock markets to new highs for the year.

    After the initial thrust to the upside which took out yesterday’s high and negated the technical reversal top, the equity markets broke hard to the downside, but buyers quickly stepped in. Since the early morning action, the markets have been churning in a tight range.

    Higher equity prices are keeping a lid on September Treasury Bonds and Notes as well as the $42 billion auction of 2-year Notes. A report stating that the Federal budget deficit is expected to rise is also a negative influence weighing on these markets.

    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.

Share This Page