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U.S. Stocks Close Nearly Unchanged after Volatile Trading Day

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Feb 12, 2010.

  1. futuretrends24

    futuretrends24 New Member

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    Today’s sample of Futures Analysis from FuturesHound.com


    Equity markets finished nearly unchanged on Friday after a volatile and tumultuous trading session. The indices weakened in premarket trading following a surprise move by China’s central bank to curb excessive credit demands. Recent data has shown that China’s economy may be heating up too fast which could lead to an asset bubble in the real estate and housing markets.

    Commodity markets were hit hard following the increase in the China bank reserve rate. This put selling pressure on commodity-linked stocks. Risk aversion returned to the markets which led to the early session sell-off.

    Better than expected U.S. Retail Sales helped to give equity markets a boost, but news that consumer sentiment fell according to the Michigan Survey helped to limit early session gains. Thin trading conditions may have led to the late session strength.

    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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