ukcitymedia.co.uk latest news from uk stockmarket - forum
Home Page
 Register Register
Log in Log in



The Forum is CLOSED

For new registrants. Current contributors continue to post.



 

ukcitymedia.co.uk Forum Index - Share Club -Postings for UK investment related issues


Markets Pause Ahead Of Huge Jobs Report - Reply to topic

> inthemoneystocks


Joined: 15 Apr 2010
Posts: 22

View user's profile








Post Thu Feb 03, 2011 6:02 pm   Reply with quote      



The stock market dropped early on a strong Dollar but made its way back to the flat line by mid day. All eyes appear to be on the Non Farm Payrolls Report and Unemployment Report tomorrow at 8:30am ET. The SPDR S&P 500 ETF (NYSE:SPY) is trading at $130.38, - 0.11 while the PowerShares DB US Dollar Index Bullish (NYSE:UUP) is trading at $22.34, +0.16. The markets fell sharply early in the morning session as the Dollar shot higher. However, the light volume and a small pull back in the Dollar helped the markets move to the flat line. The Federal Reserve bought more treasuries as well, which is their way of propping the markets up using QE-2.

Even as earnings have been mixed, Egypt continues to be a mess and the markets look tired, they have yet to pull back sharply off their mega rally and 52 week highs. The Federal Reserve continue to utilize the artificial asset bubble technique to keep the economy afloat.

Gareth Soloway
InTheMoneyStocks






ukcitymedia.co.uk Forum Index - Share Club -Postings for UK investment related issues - Markets Pause Ahead Of Huge Jobs Report - Reply to topic

 



FAQ FAQ     Search Search     Register Register     Profile Profile     Log in Log in







All rights reserved    ukcitymedia stock market trading buleetin board    © Site Terms and Conditions apply. Based in London. UK