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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

    Apr 30, 2009
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    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

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