Market Comment Australia The S&P/ASX 200 index fell 0.89% or 46.822pts to 5232.87 (day range: 5279.8 – 5225.3) on Monday. The index is above its 20d MA (@ 5109) and above its 50d MA (@ 5204). 76% of the index constituents are above their 20D MA (vs 89% 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 12, 2015Market Comment Australia The S&P/ASX 200 index jumped 1.33% or 69.289pts to 5279.69 (day range: 5284 – 5210.4) on Friday. The index is above its 20d MA (@ 5102) and above its 50d MA (@ 5213). 89% of the index constituents are above their 20D MA (vs 79% the previous session)… read more
EU Session Bullet Report – USD Weak after FOMC
October 9, 2015Yesterday was a day wrapped around FED Minutes. For the USD, the markets perceived the FOMC minutes down as an indication of further delay in raising interest rates. The committee cited global economic developments are likely to put downward pressure on inflation in the near term. All in all, the… read more
Morning Dealing Room Technical Report
October 9, 2015Market Comment Australia The S&P/ASX 200 index rose 0.24% or 12.526pts to 5210.4 (day range: 5256 – 5197.9) on Thursday. The index is above its 20d MA (@ 5091) and below its 50d MA (@ 5221). 79% of the index constituents are above their 20D MA (vs 75% the previous… read more
EU Session Bullet Report – Range Bound markets – FOMC minutes and BoE Next
October 8, 2015The market focus today is on Bank of England rate decision and FOMC minutes release. In the UK, BoE is widely expected to keep rates unchanged at 0.5% and show that the 9 members voted for as 8-1 for keeping rates unchanged over hiking them. The MPC members should be… read more
Morning Dealing Room Technical Report
October 8, 2015Market Comment Australia The S&P/ASX 200 index gained 0.59% or 30.472pts to 5197.87 (day range: 5197.9 – 5136.3) on Wednesday. The index is above its 20d MA (@ 5086) and below its 50d MA (@ 5231). 79% of the index constituents are above their 20D MA (vs 75% the previous session)… read more
EU Bullet Report
October 7, 2015US stocks closed mixed overnight and Asian equities are trading almost flat this morning. Crude oil surged to monthly highs at 49.35 which has dragged USD/CAD much lower to 1.3015 levels from 1.34+ just a week ago. USD weakness is predominant in all currencies of the commodity bloc such as… read more
Morning Dealing Room Technical Report
October 7, 2015Market Comment Australia The S&P/ASX 200 index rose 0.33% or 16.868pts to 5167.4 (day range: 5220 – 5151.1) on Tuesday. The index is above its 20d MA (@ 5087) and below its 50d MA (@ 5239). 75% of the index constituents are above their 20D MA (vs 76% the previous session)… read more
EU Session Bullet Report – Stock market Rebound and USD strength
October 6, 2015This morning RBA (Australia) kept interest rates unchanged at 2%. Although the decision was widely anticipated, AUDUSD advanced higher. OIL and commodity markets seems to be recovering which supports all the commodity currencies (CAD, AUD, NZD, and NOK). Rebound in the stock market is also evident with all major indices… read more
Morning Dealing Room Technical Report
October 6, 2015Market Comment Australia The S&P/ASX 200 index jumped 1.95% or 98.517pts to 5150.53 (day range: 5153.6 – 5052) on Monday. The index is above its 20d MA (@ 5084) and below its 50d MA (@ 5247). 76% of the index constituents are above their 20D MA (vs 55% the previous session)… read more
