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U.S. Equity Markets End Weekly Winning Streak

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Aug 15, 2009.

  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 finished lower for the week for the first time since this current leg of the rally began in early July. Concerns over stock valuations had been pressuring stock index futures all week as investors became concerned about corporate earnings keeping pace with lofty stock prices. Weak U.S. economic reports kept a lid on stock gains all week as traders are now beginning to think the pace of the economic recovery will be slower than previously estimated.

    September Treasury Bonds and Notes finished the day with strong gains. Demand has been strong for Treasury instruments all week because of the attractive yields. Today traders bought Treasuries because of the weaker than expected U.S. consumer sentiment report. This report signaled that inflation was not a concern at this time. Weaker equity markets also sent traders to the fixed income asset class in an allocation play.

    The U.S. Dollar traded higher against most major currencies. The exception was the September Japanese Yen which posted a gain as Japanese investors repatriated funds. The September British Pound remains under pressure because of the weaker U.K. economy.

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

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