Morning Dealing Room Technical Report

The S&P/ASX 200 index gained 0.43% or 23.782pts to 5589.89 (day range: 5589.9 – 5538) on Monday. The index is above its 20d MA (@ 5569) and below its 50d MA (@ 5594). 56% of the index constituents are above their 20D MA (vs 53% the previous session) and 45% of the shares are above their 50D MA (vs 42%).

Foreign Exchange

The Euro rose against its major pairs. euro zone M3 money supply growth was 5% YoY in June, the same pace than in May. It was expected to be +5.1%. German IFO business climate index was up to 108 in July from 107.5 the month before. Economists anticipated 107.2.

The Australian dollar was mixed, rising against the USD and CAD while dropping against the EUR, JPY and GBP.