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U.S. Equity Markets Pare Losses as Investors Remain Calm

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Nov 28, 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 pared huge overnight losses after traders gobbled up stocks shortly after a gap lower opening. Investors jumped on the opportunity to buy cheaper stocks following the dramatic sell-off in global equity markets over the Thanksgiving holiday.

    Equity markets were driven lower in Asia and Europe after debt problems were reported in Dubai. This large corporation known as Dubai World allegedly asked for a $59 billion debt repayment postponement until May 2010. The announcement sent shockwaves through commodity and equity markets as investors liquidated risky positions and sought safety in the U.S. Dollar.

    Investors traded the markets in an orderly fashion, however, once the U.S. stock markets opened. Traders bought up lower priced stocks from the opening with the December E-mini S&P 500 rising from 1077.75 to 1098.25. The break from the recent high at 1112.25 only amounted to a retracement of the 1026.00 to 1112.25 range. This retracement zone is 1069.00 to 1059.00. The low the past two days was 1067.00.

    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.

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