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Futures Market Technical and Fundamental Recap

Today's Futures Analysis summary The FOMC decided to leave interest rates at historically low levels while curtailing its government and mortgage buying activity. The choice not to increase it quantitative easing activity helped strengthen the Dollar as it sent a message that the Fed would allow

Futures Market Technical and Fundamental Recap

Today's Futures Analysis summary Despite the Treasury auction today, September Treasury Bond futures were able to overtake a 50% retracement area at 116’26 and changed the trend to up on a move through 117’04. If upside momentum continues, look for the rally to continue to 118’ Needless to say the

Futures Market Technical and Fundamental Recap

Today's Futures Analysis summary September Copper futures led the metals complex lower on Monday as the higher U.S. Dollar curtailed demand for commodities. A forecast by the World Bank for an extended recession also contributed to the decline. Despite the sell-off the trend remains up as this

Futures Market Technical and Fundamental Recap

Today's Futures Analysis summary The right combination of fundamental and technical factors helped the U.S. Dollar surge to one-week highs against most major currencies last week. The strong close in the Dollar may lead to follow-through buying this week while putting pressure on the major currency

Futures Market Technical and Fundamental Recap

Today's Futures Analysis summary. Yesterday’s action in the U.S. Dollar demonstrated how much of an influence this instrument can have on other markets. Since almost every futures market group was affected by the stronger Dollar, traders have to consider the possibility that a major shift in

Futures Market Technical and Fundamental Recap

Today's Futures Analysis summary. Weaker than expected U.S. economic data send foreign currencies, commodities and stock indices sharply lower on Wednesday as traders got a hard reminder about how risky it is to bet against the U.S. Dollar. Once again fear and uncertainty have reared their

Futures Market Technical and Fundamental Recap

Today's Futures Analysis summary July Soybeans fell on Tuesday on speculation that purchases from China would slow and on perceptions that prices are too high to generate strong demand. Prices have been rising for several months as China has applied stimulus money to reportedly hoard soybeans. These

Futures Market Technical and Fundamental Recap

Today's Futures Analysis summary. The way of least resistance appears to be up in the stock index futures. Equity markets seem to be looking forward to a strong economy 6 -9 months down the road. The more investors seem to be waiting for a correction; the least likely it will occur. Now that solid

Futures Market Technical and Fundamental Recap

Today's Futures Analysis summary Treasury yields fell toward the end of the week following a volatile break in the June Bonds and June Notes. Yields are rising over concerns the U.S. will lose its AAA debt rating and concerns that the U.S. government will not be able to finance its growing debt

Futures Market Technical and Fundamental Recap

Today's Futures Analysis summary The strong rallies from the lows may be a sign that shorts are getting ready to cover their profitable positions in the June Treasury Bonds and June Treasury Notes. Although at times today, yields were able to rise they did not close on their highs, indicating that