Tax Season is Here! Save 15% on H&R Block Online
iconAll times are GMT -4. The time now is 04:55 PM. | Search:

» StockRants Stock Forum » Public Stock Forums » Forex Trading » Have Banking Stocks Joined the Rally and What Does it mean for Forex Pairs



Reply
 
Thread Tools Search this Thread
Old 08-03-2009, 05:13 AM   Nav to Top  #1
dodjit
Senior Trader
 
dodjit's Avatar
 
Join Date: Aug 2009
Location: nicossia
Posts: 102
Rep Power: 133
Reputation: 123
dodjit will become famous soon enoughdodjit will become famous soon enough
Default Have Banking Stocks Joined the Rally and What Does it mean for Forex Pairs

In one of our previous weekly articles we mentioned that despite the recent bullish momentum on the major stock indices, the financial sector, especially the banking industry, was still weighing on consumer confidence, failing from climbing higher. One must note that according to the Federal Deposit Insurance Corp. four more banks failed over the weekend, bringing the tally up to 93 bank failures, since the beginning of the recession.

Despite the downbeat sector, investors are now looking past the current situation, driving the indices much higher. Last week was characterized by additional buying, as the S&P500 cleared its major resistance level of 950 points. Even though the momentum died down, during Tuesday’s and Wednesday’s sessions, Thursday showed a completely different ball game, as investors drove the indices to higher levels, prior to the release of the GDP result.

After a depressing last quarter, the revised GDP figure showed that the U.S economy had shrunk by only 1%. The result shocked investors during Friday’s session and helped to restore confidence into the markets. Friday’s session closed in positive territory sending the S&P higher, to close the week with a 0.84% gain. Furthermore, according the Commerce Department, the bigger news was the smaller decreased in business investment, exports and inventories. Even though the GDP result showed a better than expected result, Friday’s session was capped as personal consumption plunged by 1.2%, showing that consumers are not yet confident to go out and purchase goods, to help stimulate the economy.

For the full article visit dodjit.com
dodjit is offline   Rate this post Yes | No Reply With Quote
Old 11-24-2012, 10:42 AM   Nav to Top  #2
bgsblc
Junior Trader
 
bgsblc's Avatar
 
Join Date: Nov 2012
Location: new york
Posts: 1
Favorites: 789
Rep Power: 84
Reputation: 10
bgsblc is on a distinguished road
Default BG. SBLC,MTN for lease only and issuing bank

Dear Sir/MA
We are Providers of all types of BG and MTN with the best workable procedures. Our BG ranges from MT799, MT760,(Both two way confirmation), MT103/23, MT103 (Both can be one way confirmation and two way confirmation) in USD and EUROS. Issuing Bank ranges from Top world 25 banks with face value ranging from 5M EUROS/USD to IB EUROS/USD

BROKERS ARE WELCOME & 100% PROTECTED!!!
Intermediaries/Consultants/Brokers are welcome to bring their clients and cases to our attention and in complete confidence we will work together for the benefits of all parties involve

Thank you..
Jasim Omar
For further inquiries:
Contact: bgsblc.omar@gmail.com
Skype ID: bgsblc.omar
bgsblc is offline   Rate this post Yes | No Reply With Quote
Reply

Tags
Break outs, Forex, GDP, Stocks

Similar Threads
Thread Thread Starter Forum Replies Last Post
Have Banking Stocks Joined the Rally and What Does dodjit Traders Lounge 0 08-02-2009 07:28 AM
Hi - joined for HEB madness. Coche54 Introductions 4 05-27-2009 08:24 PM
hello everyone, I just joined blue Introductions 1 05-26-2009 03:25 AM
Hi everyone,..... just joined up. gestureman Introductions 4 05-23-2009 02:31 PM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On