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

U.S. Retail Sales Help Trigger Equity Market Rally

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

  1. futuretrends24

    futuretrends24 New Member

    Joined:
    Apr 30, 2009
    Messages:
    234
    Likes Received:
    0
    Today’s sample of Futures Analysis from FuturesHound.com

    A better than expected U.S. Retail Sales Report helped trigger a continuation of the rally in U.S. equity markets which began yesterday. All three major indices confirmed yesterday’s reversal bottoms with their follow-through rallies to the upside.

    The desire for higher risk assets put pressure on September Treasury Bonds and Treasury Notes as traders reallocated money from fixed income assets into equities.

    The U.S. Dollar traded mostly weaker against the higher yielding currencies. The September Canadian Dollar exhibited strength buoyed by stronger equity and commodity markets. The September Japanese Yen was weaker as investors once again pulled their money from the low yielding Yen while searching out higher yields elsewhere.

    Read full article on 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.
     
Loading...

Share This Page