You may be looking for some new information in the financial market which has a strong influence on other markets. I will not let you wait any more. Let's go, we will check out the analysis by our expert - PitGuru Frank LaMantia - in this week.


Traders will be looking at economic data that will be announced toward the end of the week. August factory orders and home sales that are pending could set the tone for the rest of the work week. Factory orders are expected to fall while pending home sales are expected to have grown. The level at which they have grown might be too low to move the markets. Corporate news is driving today’s market due to Sanofi-Aventis’ hostile takeover of Genzyme. This is by no means a little deal either as $18.5 million is being offered. Also, in Europe UBS and Credit Suisse are being told they must hold more in reserves to meet international standards. A 0.4% decline in factory orders is expected due to a decline in aircraft orders. Also, the NAR National Association of Realtors Index will rise to 81.4 in August from July number of 79.4.

News of terror warnings should not be a surprise in Europe as the bombing in London was not that long ago. Americans are being told to stay alert abroad which could hinder the European markets. Some may have been looking forward to a vacation and might have changed their reservations. It is rare to see something happen after a warning has been issued. Many of may feel it is many times after the fact that any information is given. This traders lives life as he normally would.

Foreclosures and job losses seem to be a non-issue but may come back to haunt the market. Please keep vigilant in seeing this factor when trading as many are jumping on the band-wagon of bullish behavior. Sluggish growth is being mentioned by economists each day.

You may note down the news. So, we will see again next week, but an advice for you is it'd better to check out other futures market reviews to make sure that you understand all the markets.


Chart courtesy Gecko Software’s Track n’ Trade Pro
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