Market Comment
Australia
The S&P/ASX 200 index was up 0.35% or 19.824pts to 5706.72 (day range: 5718.9 – 5686.8) on Tuesday. The index is above its 20d MA (@ 5565) and above its 50d MA (@ 5603). 73% of the index constituents are above their 20D MA (vs 65% the previous session) and 51% of the shares are above their 50D MA (vs 47%). Trading volume on the index was low, 34.5% below the 3 months average.
Australia: The ANZ Roy Morgan Consumer Confidence Index rose to 111.8 in the week ended July 19 from 107.0 a week earlier.
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| The US dollar was under pressure against its U.S. counterparts on Tuesday. There was no major economic data reported in the U.S.
The Euro was higher against its major pairs. There was no major economic data reported in Europe on Tuesday. The Australian dollar was Mixed against its major Pairs. |
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