The Dollar Weakens – Presents a Doji after a Hammer
Page 1 of 1
The Dollar Weakens – Presents a Doji after a Hammer
Similar to previous sessions, Wall Street traded on light volume yesterday, finishing the day in positive territory. The S&P500 closed with a minor gain of 0.02%, while the Dow Jones Industrial Average closed up by 0.03%
Economic data had an intraday affect yesterday, as Chicago PMI exploded higher, showing that manufacturing activity in the Chicago region had expanded. The number increased to 60.0 from a previous 56.1. The number shocked economists, showing them that the economy is improving at a much faster pace than expected. It also helped to boost sentiment - some are now expecting production to pick up during the first part of 2010.
From a technical point of view the major averages continued to trade around prior levels, just off their highs. This time round the Technology sector led the indices higher, with a gain of 0.35%, while consumer discretionary weighed on the session, declining by -0.69%.
Read the full article at Dodjit.com
Economic data had an intraday affect yesterday, as Chicago PMI exploded higher, showing that manufacturing activity in the Chicago region had expanded. The number increased to 60.0 from a previous 56.1. The number shocked economists, showing them that the economy is improving at a much faster pace than expected. It also helped to boost sentiment - some are now expecting production to pick up during the first part of 2010.
From a technical point of view the major averages continued to trade around prior levels, just off their highs. This time round the Technology sector led the indices higher, with a gain of 0.35%, while consumer discretionary weighed on the session, declining by -0.69%.
Read the full article at Dodjit.com
Similar topics
» U.S Confidence Improves, USD/CAD presents a Hammer
» The Dollar Stands Still While Gold Surges
» The Australian Dollar Receives a Boost
» ADP Took the Stage, the Dollar Traded Mixed
» A 15 Month Low for the Dollar, Stocks Climb to New Highs
» The Dollar Stands Still While Gold Surges
» The Australian Dollar Receives a Boost
» ADP Took the Stage, the Dollar Traded Mixed
» A 15 Month Low for the Dollar, Stocks Climb to New Highs
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|