Market Comment Australia The S&P/ASX 200 index dropped 1.28% or 68.366pts to 5266.86 (day range: 5353.5 – 5257.1) on Thursday. The index is above its 20d MA (@ 5243) and above its 50d MA (@ 5157). 63% of the index constituents are above their 20D MA (vs 73% the previous… read more
Daily
The following is a summary of the previous day’s foreign exchange market movements in the major currencies and the commodities markets. It is meant as an informative guide to the reasons underlying currency and commodity movements seen in the previous day’s foreign exchange trading. Together with a market snapshot at close of the New York session, indicators/events released during the session are outlined compared with their expected level of influence before release. This fundamental analysis summary also highlights upcoming data/events which may influence currency movements upon their release.
You will also find a technical analysis snapshot at time of release, highlighting support and resistances of each of the major currencies and gold. Coupled together with the reasons behind these important levels, traders can expect some support or resistance when these levels are reached.
Morning Dealing Room Technical Report
October 29, 2015Market Comment Australia The S&P/ASX 200 index dropped 0.2% or 10.929pts to 5335.22 (day range: 5354.9 – 5319.4) on Wednesday. The index is above its 20d MA (@ 5235) and above its 50d MA (@ 5158). 73% of the index constituents are above their 20D MA (vs 77% the previous… read more
Morning Dealing Room Technical Report
October 28, 2015Market Comment Australia The S&P/ASX 200 index was flat on Tuesday. Foreign Exchange The US dollar was higher against all of its major counterparts with the exception of the JPY on Tuesday. On the economic data front, durable goods orders decreased 1.2% MoM in Sept from a revised (-3%) in… read more
Morning Dealing Room Technical Report
October 27, 2015Market Comment Australia The S&P/ASX 200 index was flat on Monday. The index is above its 20d MA (@ 5198) and above its 50d MA (@ 5158). 83% of the index constituents are above their 20D MA (vs 84% the previous session) and 81% of the shares are above their… read more
Morning Dealing Room Technical Report
October 26, 2015Market Comment Australia The S&P/ASX 200 index jumped 1.67% or 87.721pts to 5351.57 (day range: 5374.5 – 5263.8) on Friday. The index is above its 20d MA (@ 5186) and above its 50d MA (@ 5158). 84% of the index constituents are above their 20D MA (vs 67% the previous… read more
EU Session Bullet Report – Bye Bye Euro
October 23, 2015Christmas came early for those who bought the USD after Mario Draghi dropped the bomb on the EUR. Yesterday, the ECB President hinted further easing to revive the struggling EU economy. Among those measures, was another deposit rate cut which was out of the question before this meeting. As a… read more
Morning Dealing Room Technical Report
October 22, 2015Market Comment Australia The S&P/ASX 200 index rose 0.24% or 12.731pts to 5248.31 (day range: 5260 – 5195.4) on Wednesday. The index is above its 20d MA (@ 5161) and above its 50d MA (@ 5161). 75% of the index constituents are above their 20D MA (vs 81% the previous… read more
EU Session Bullet Report – USDJPY surges – ECB awaited
October 21, 2015A trendless pattern with the exception of USDJPY is developing in the markets. EURUSD and GBPUSD have both traded sideways for the past 2 days, unable to take a new direction. The market is waiting for the long awaited ECB rate decision tomorrow along with cues that ECB President Mario… read more
Morning Dealing Room Technical Report
October 21, 2015Market Comment Australia The S&P/ASX 200 index declined 0.65% or 34.135pts to 5235.57 (day range: 5269.7 – 5228.7) on Tuesday. The index is above its 20d MA (@ 5149) and above its 50d MA (@ 5163). 75% of the index constituents are above their 20D MA (vs 81% the previous… read more
EU Session Bullet Report – OIL and GOLD lower while market waits
October 20, 2015Commodities dropped on the back of yesterday’s weak Chinese GDP growth (slowest since the financial crisis) data. Industrial production signals a falling Chinese demand, which contributed to lower oil and gold prices. The US dollar has strengthened somewhat after Fed’s Williams said that he saw the time to start raising… read more
