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U.S. Stock Erase Earlier Gains; Germany Plans to Curb Short-Selling

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, May 19, 2010.

  1. futuretrends24

    futuretrends24 New Member

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

    U.S. stock index futures are trading lower after erasing earlier gains. Some traders are saying the break in equities is being triggered by the news that Germany plans to announce a ban on short-selling. The news from Germany triggered a break in the Euro which is helping to encourage traders to sell higher yielding assets.

    The June E-mini NASDAQ is getting hit particularly hard at the mid-session. The falling Euro is helping to raise concerns about the impact of a weaker Euro Zone economy on technology sales to Europe.

    Weaker equity markets are triggering a flight-to-quality rally in the June Treasury Bonds. The surge in the T-Bonds has helped put this market in a strong position to rally further. Regaining a 50% level at 122’05 is the first sign of strength, followed by 122’23.

    Read full article at 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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