Shifts

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Votes:7
Views:114

Stock Traders Ignore Weak Housing Data; Focus Shifts toward Weaker U.S. Dollar

Stock traders ignored the weaker existing home sales report and turned its focus on the U.S. Dollar which weakened because of increased demand for higher risk assets. This week’s testimony by Fed Chairman Bernanke may have set the tone for today’s rally.

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Trust:3
Votes:7
Views:108

Euro Falls on Profit-taking; Investor Focus Shifts to U.S. Economic Data

The U.S. Dollar is gaining back a little of yesterday’s loss in light, overnight trading. Volume continues to be down because of the week-long Chinese holiday celebration. Investors seem a little reluctant to take on risk ahead of today’s U.S. economic reports. Early in the session, traders will be focusing on U.S. Housing Starts and Industrial Production Reports.

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Trust:3
Votes:10
Views:191

Investors Dump Stocks as Sentiment Shifts towards Less Risky Assets

Investors dumped stocks late in the trading session on Friday as sentiment shifted toward less risky assets. The combination of a stronger Dollar, monetary tightening in China and a proposal by Obama to end financial institution prop trading weighed heavily on traders this week.

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Trust:3
Votes:7
Views:155

Stocks Could Weaken as Risk Sentiment Shifts away from Higher Risk Assets

Stock Index Futures are trading lower overnight as investors are shifting out of higher risk assets. Concerns that a tighter monetary policy in China will lead to a slow down in the Chinese economy is encouraging traders to lighten up on higher yielding assets. Traders are also being cautious ahead of today’s earnings reports. Momentum has slowed down despite higher prices this week.

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Votes:6
Views:126

Lack of Economic Reports Shifts Focus to the Dollar

The lack of economic reports today is shifting the focus by U.S. equity traders to the U.S. Dollar. The prospect of the Fed keeping interest rates low for a “prolonged period” of time is helping to boost stock prices overnight as investors continue to treat the Dollar as a carry currency.

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