IntegrityFX's Commentaries
Feb
23
2010
IntegrityFX Intermarket Outlook
by IntegrityFX
Overall Rating:
The equity markets have taken a sharp turn south today, the consensus for the catalyst seems to be those weak consumer confidence numbers that were released today, but I suspect this is the longer term effect of the Fed’s rate hike from last week. Historically, the effect of a change in the discount rate takes much longer to see than a day. In the S&P, the market has breached the up trend that began in [...]
Tags: david-leal | forex | gold | intermarket-analysis | oil | s-amp-p
