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Markets retreat on weak economic reports

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US stocks closed lower for a second day on Wednesday as a weak profit forecast by Wal-Mart Stores and downbeat economic reports spurred investor concerns about deteriorating economic outlook. The Federal Reserve’s Beige Book report on regional economic conditions showed the economy grew modestly with six of the 12 Fed districts calling the expansion “modest,” while three reported “moderate” growth. The dollar weakened with the ICE US dollar index, a measure of the dollar’s strength against a

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