Market Comment Australia The S&P/ASX 200 index jumped 1.45% or 77.042pts to 5380.19 (day range: 5383.2 – 5307) on Wednesday. The index is below its 20d MA (@ 5531) and below its 50d MA (@ 5555). 25% of the index constituents are above their 20D MA (vs 18% the previous session)… 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.
The Bullet Report – FOMC ahead today
August 19, 2015Yesterday the GBPUSD surged to over 1.5715 on data showing a huge pickup in inflation which raised Interest rates rise speculation. On the other hand USD was mixed with a rise in housing starts but a drop in building permits. USD bulls are now waiting for the US inflation data… read more
Morning Dealing Room Technical Report
August 19, 2015Market Comment Australia The S&P/ASX 200 index dropped 1.2% or 64.507pts to 5303.15 (day range: 5387.8 – 5303.1) on Tuesday. The index is below its 20d MA (@ 5543) and below its 50d MA (@ 5557). 18% of the index constituents are above their 20D MA (vs 23% the previous session)… read more
Bullet Report – USD still strong, EURUSD at key level
August 18, 2015The USD rebounded yesterday and stayed firm overnight with the exception being against the NZD which rose after Russia lifted an import ban on Dairy products coming from New Zealand. EURUSD is lower, however there is a significant Fibonacci support at 1.1060 that needs to break, in order for the… read more
Morning Dealing Room Technical Report
August 18, 2015Market Comment Australia The S&P/ASX 200 index rose 0.21% or 11.119pts to 5367.66 (day range: 5397 – 5360.1) on Monday. The index is below its 20d MA (@ 5563) and below its 50d MA (@ 5560). 23% of the index constituents are above their 20D MA (vs 19% the previous session)… read more
Bullet Report – USD Recovers, EUR in neutral Zone
August 17, 2015The USD is slowly recovering from its slide last week, following the news that china was devaluing its currency. Although the probability of the FED increasing rates in September wasn’t helped by the mixed data on Friday, it seems that optimism has returned in favor of this scenario. EURUSD would… read more
Morning Dealing Room Technical Report
August 17, 2015Market Comment Australia The S&P/ASX 200 index declined 0.58% or 31.331pts to 5356.54 (day range: 5401.9 – 5351.5) on Friday. The index is below its 20d MA (@ 5579) and below its 50d MA (@ 5563). 19% of the index constituents are above their 20D MA (vs 20% the previous session)… read more
Bullet Report – OIL plummets while EUR stays strong
August 14, 2015Chinese depreciation is slowing its effect on global markets and it could mean that gradually its effect will diminish as a major driver of the markets for now. Instead, focus could return to US growth and its effect on the September FED rate decision. US retail sales yesterday showed a… read more
Morning Dealing Room Technical Report
August 14, 2015Market Comment Australia The S&P/ASX 200 index increased 0.11% or 5.785pts to 5387.87 (day range: 5426.2 – 5387.87) on Thursday. The index is below its 20d MA (@ 5595) and below its 50d MA (@ 5566). 20% of the index constituents are above their 20D MA (vs 18% the previous session)… read more
Bullet Report – Third China devaluation, EURUSD in dilemma
August 13, 2015A third China devaluation took place today but this time it came to no one’s surprise. On Tuesday the CNY was devalued by 1.9%, on Wednesday a further -1.6% and today -1.1%. This sent shockwaves across stock markets as now Chinese will find it more expensive to import goods. As… read more
