equity markets finished lower for the week for the first time since this
current leg of the rally began in early July.Concerns over stock valuations had been pressuring stock index futures
all week as investors became concerned about corporate earnings keeping pace
with lofty stock prices.Weak U.S. economic
reports kept a lid on stock gains all week as traders are now beginning to
think the pace of the economic recovery will be slower than previously estimated.
September Treasury Bonds and Notes finished the day with
strong gains.Demand has been strong for
Treasury instruments all week because of the attractive yields.Today traders bought Treasuries because of
the weaker than expected U.S.
consumer sentiment report.This report
signaled that inflation was not a concern at this time.Weaker equity markets also sent traders to
the fixed income asset class in an allocation play.
The U.S. Dollar traded higher against most major
currencies.The exception was the
September Japanese Yen which posted a gain as Japanese investors repatriated
funds.The September British Pound
remains under pressure because of the weaker U.K. economy.
December Gold and September Silver finished lower as the
Dollar strengthened. The lack of inflationary news is keeping buyers on the
sidelines.Although these markets are
trading in a range, downside pressure seems to be building which could indicate
lower markets next week.Everything
depends on how strong the Dollar gets.
September Crude Oil finished sharply lower as longs seemed
to throw in the towel after another U.S.
economic report indicated that the pace of the U.S. economic recovery would be
slower than previously estimated.Bullish traders have been trying to build a case for greater demand
because of an economic recovery, but the poor reports this week indicate that
this type of thinking may be premature. A stronger Dollar and weaker equity
markets will put more pressure on the energy markets next week.
Forex Trading News
Daily Forex Market News Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Forex News Real-time forex market news reports and features providing
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