Tuesday May 18, 2010 - 20:44:14 GMT
Share This Story
Forex Hound - www.forexhound.com
U.S. Stock Erase Earlier Gains; Germany Plans to Curb Short-Selling
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
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 122â€™05 is the first sign of strength,
followed by 122â€™23.
June Gold is trading lower but has erased
most of its earlier loss. Gold began to rally after the Euro topped and
began to erase all of its earlier gains. Technically, gold confirmed
Fridayâ€™s closing price reversal top but failed to reach its main
objective at $1203.00.
Oversold conditions and this morningâ€™s
short-covering rally could not trigger a breakout rally in June Crude
Oil. The lack of follow-through to the upside along with the tumbling
Euro is helping to pressure demand for energy products.
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
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."