| Market Comment |
| Australia |
| The S&P/ASX 200 index surged 2.29% or 114.425pts to 5118.24 (day range: 5118.24 – 5003.8) on Tuesday. The index is below its 20d MA (@ 5205) and below its 50d MA (@ 5163). 40% of the index constituents are above their 20D MA (vs 21% the previous session) and 60% of the shares are above their 50D MA (vs 44%).
Australia: The ANZ Roy Morgan Consumer Confidence Index fell 0.6% WoW to 115.9 in the week ended November 15. |
| Foreign Exchange | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The US dollar was mixed against all of its major counterparts on Tuesday. On the economic data front, US CPI increased 0.2% MoM in Oct from a decline of 0.2% the month before. Industrial production decreased 0.2% in Oct, same as last month while economists were expecting a gain of 0.1%.
The Euro was under pressure against all of its major pairs except for the CHF. In Europe, German ZEW investor confidence index fell to 54.4 in November (55.2 expected) from 55.2 a month earlier. UK consumer prices rose 0.1% in October, as anticipated, after being down by 0.1% a month ago. The Australian dollar pushed higher against all of 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.