The Commerce Department report on non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, is expected to rise 0.3 percent in February. Economists polled by Reuters expect a 0.4 percent rise in durable goods order for last month. Euro is strong and has staged, at least temporarily, a breakout above
Long trade EUR (initiating position) looking for short covering. The mental stop at the lows. Markets in Asia were mostly higher. Markets in Europe are mostly lower. Saudis say OPEC will not cut production unless everyone else cuts production. Since the U. S. is now a large producer and government mandated production cuts are not
Today we are experiencing selling pressure and the market internals are showing more relative weakness than expected after yesterday opening. This confirms that traders are taking profits from equities and entering into bonds. News: Stock futures weakened during the pre-market trading session, leading to a lower open for the broader market. Investors, who have been