Market Comment |
Australia |
| The S&P/ASX 200 index rose 0.24% or 12.731pts to 5248.31 (day range: 5260 – 5195.4) on Wednesday. The index is above its 20d MA (@ 5161) and above its 50d MA (@ 5161). 75% of the index constituents are above their 20D MA (vs 81% the previous session) and 68% of the shares are above their 50D MA (vs 74%).
Australia’s leading index was 97.6 in September vs 97.48 in August, according to the Westpac Banking Corp. and Melbourne Institute. |
Foreign Exchange |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The US dollar was higher against its major counterparts on Wednesday. On the economic data front, MBA Mortgage applications rose 11.8% last week from a decrease of 27.6% the week before.
The Euro was higher against its major pairs except for the JPY and HKD. In Europe, The UK budget deficit fell to £9.4B in September from £11.6B a year earlier, the lowest since 2007. The Australian dollar was under pressure against its major pairs except for the CAD. |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects TRADING CENTRAL current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.
Easy Forex Pty Ltd (AFSL 246566 ABN 73107184510) makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites and the information contained does not take into account your personal objectives, financial situation and needs. Easy-Forex recommends that you read the Regulation Page, The Product Disclosure Statement, the Terms and Conditions and the Financial Services Guide before making any decision concerning Easy-Forex’s products.