Market Comment |
Australia |
| The S&P/ASX 200 index gained 0.59% or 30.472pts to 5197.87 (day range: 5197.9 – 5136.3) on Wednesday. The index is above its 20d MA (@ 5086) and below its 50d MA (@ 5231). 79% of the index constituents are above their 20D MA (vs 75% the previous session) and 49% of the shares are above their 50D MA (vs 48%).
Australian performance of construction index fell 1.9 points to 51.9 in Sep, according to the Australian Industry Group and Housing Industry Association. |
Foreign Exchange |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The US dollar was under pressure against all its major counterparts except for the CAD, EUR and CHF on Wednesday. On the economic data front, MBA Mortgage Applications soared 25.5% for the week ending Oct 2 compared to a decline of 6.7% the week before. The jump follows a new home-buyer protection clause implemented by the Consumer Financial Protection Bureau that required greater loan disclosure by mortgage lenders.
The Euro was lower against its major pairs with the exception of the CHF. In Europe, German industrial production fell 1.2% in August after being up by 1.2% in July (revised from +0.7%). Economists anticipated a 0.2% increase. UK industrial ^production increased 1% in August after a 0.3% decline a month earlier (revised from -0.4%). Economists anticipated a 0.3% increase. The Australian dollar was higher against its major pairs. |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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.