US stocks closed slightly higher yesterday as global markets continue to swing on a seemingly daily basis. Next weeks widely anticipated Fed rate decision seems to have prevented any clear direction, as investors wait for further guidance. In Asia this morning, markets are mixed although the AUDUSD continued its fightback… 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
September 11, 2015Market Comment Australia The S&P/ASX 200 index dropped 2.42% or 126.112pts to 5095.02 (day range: 5221.1 – 5088.7) on Thursday. The index is below its 20d MA (@ 5183) and below its 50d MA (@ 5419). 28% of the index constituents are above their 20D MA (vs 50% the previous session)… read more
EU Session Bullet Report – Upbeat mood pegged back by poor data from Asia
September 10, 2015US stock markets were unable to maintain recent solid gains and closed Wednesday giving back more than half the gains made on Tuesday. In Asia this morning, stock markets are trading lower after poor economic data from China and Japan dampened the optimism of the last few days, again heightening… read more
Morning Dealing Room Technical Report
September 10, 2015Market Comment Australia The S&P/ASX 200 index increased 2.07% or 105.878pts to 5221.13 (day range: 5221.13 – 5115.2) on Wednesday. The index is above its 20d MA (@ 5197) and below its 50d MA (@ 5429). 50% of the index constituents are above their 20D MA (vs 31% the previous session)… read more
EU Session Bullet Report – Risk appetite back on
September 9, 2015Risk appetite returned with a bang yesterday amid optimism over China. The stablization of the Chinese markets of the last few days, suggests possible state intervention to prop up the nations equities as we see a determined resolve to halt the slide. Overnight in the US, the S&P500 closed up… read more
Morning Dealing Room Technical Report
September 9, 2015Market Comment Australia The S&P/ASX 200 index jumped 1.69% or 84.829pts to 5115.25 (day range: 5115.25 – 5030.4) on Tuesday. The index is below its 20d MA (@ 5205) and below its 50d MA (@ 5435). 31% of the index constituents are above their 20D MA (vs 21% the previous… read more
EU Session Bullet Report – GBP strengthens as US returns from holiday
September 8, 2015China’s exports fell less than expected in August but a steeper slide in imports pointed to continued economic weakness. Shanghai Composite and the Nikkei are both trading lower however, Australia’s ASX is trading up by just over 1% following positive business confidence data from the National Australian Bank. JPY continued… read more
Morning Dealing Room Technical Report
September 8, 2015Market Comment Australia The S&P/ASX 200 index decreased 0.2% or 10.182pts to 5030.42 (day range: 5046.3 – 4973.4) on Monday. The index is below its 20d MA (@ 5223) and below its 50d MA (@ 5441). 21% of the index constituents are above their 20D MA (vs 18% the previous session)… read more
EU Session Bullet Report – Direction unclear following NFP
September 7, 2015NFP numbers dissapointed on Friday raising concerns that the global slowdown may be taking its toll on the US economy. Despite the lower than expected numbers, unemployment did fall to its lowest level in more than 5 years providing some light at the end of the tunnel. US stocks closed… read more
Morning Dealing Room Technical Report
September 7, 2015Market Comment Australia The S&P/ASX 200 index edged up 0.25% or 12.804pts to 5040.6 (day range: 5069.2 – 4995.6) on Friday.The index is below its 20d MA (@ 5247) and below its 50d MA (@ 5449). 18% of the index constituents are above their 20D MA (vs 16% the previous… read more
