Daily Futures Commentary November 16, 2009

Monday, November 16, 2009

The weaker Dollar is helping to drive December Gold higher overnight. Since gold is priced in Dollars, the decline in the Dollar is making it more appealing to foreign investors.
Keep

in mind that the higher this market goes, the wider the ranges. Watch for volatility to continue to expand.

Equity traders will be watching retail stocks today following the U.S. Retail Sales Report. The driving force in this market is still the weaker Dollar. As long as global interest

rates remain historically low, look for U.S. equity markets to continue to rise. Economic and earnings reports could help to produce volatile swings in the markets but should not be enough to
change

the trend to down at this time.

Interest rate futures could see pressure today as Treasury Bonds and Treasury Notes continue to compete with the higher yields being offered by the equity markets. A worse than

expected U.S. Retail Report will send a sign that the economy is still under pressure. …

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