Jun
19
2009
Stock indices drifted, again from this year’s highs
Posted by: in Forex News, tags: Crosses, Currencies, Excerpt, Money Markets, Moving Averages, News Sources, Rate Hikes, Stock Indices, Treasury Yields, Worries, YenNews Sources wrote an interesting post today on
Here’s a quick excerpt
Overview A quiet week where Treasury yields dropped a little from this year’s highs but money markets were rattled by worries that rate hikes may come sooner than currently expected. Stock indices drifted, again from this year’s highs, but conclusive Technical breaks were not seen and several continue to flirt with 50 and 200-day moving averages. Currencies went nowhere fast, though the yen gained a little against all crosses (which had also been trading at this year’s highs) as did the pound,
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