Market Comment Australia The S&P/ASX 200 index declined 0.65% or 34.135pts to 5235.57 (day range: 5269.7 – 5228.7) on Tuesday. The index is above its 20d MA (@ 5149) and above its 50d MA (@ 5163). 75% of the index constituents are above their 20D MA (vs 81% the previous… read more
Daily
The following is a summary of the previous day’s foreign exchange market movements in the major currencies and the commodities markets. It is meant as an informative guide to the reasons underlying currency and commodity movements seen in the previous day’s foreign exchange trading. Together with a market snapshot at close of the New York session, indicators/events released during the session are outlined compared with their expected level of influence before release. This fundamental analysis summary also highlights upcoming data/events which may influence currency movements upon their release.
You will also find a technical analysis snapshot at time of release, highlighting support and resistances of each of the major currencies and gold. Coupled together with the reasons behind these important levels, traders can expect some support or resistance when these levels are reached.
EU Session Bullet Report – OIL and GOLD lower while market waits
October 20, 2015Commodities dropped on the back of yesterday’s weak Chinese GDP growth (slowest since the financial crisis) data. Industrial production signals a falling Chinese demand, which contributed to lower oil and gold prices. The US dollar has strengthened somewhat after Fed’s Williams said that he saw the time to start raising… read more
Morning Dealing Room Technical Report
October 20, 2015Market Comment Australia The S&P/ASX 200 index was flat on Monday. The index is above its 20d MA (@ 5142) and above its 50d MA (@ 5168). 81% of the index constituents are above their 20D MA (vs 75% the previous session) and 74% of the shares are above their… read more
EU Session Bullet Report – Mixed USD on a quiet weekly start
October 19, 2015Another start of the week with key news to be released from over the world. Overnight in Asia Chinese data where not shockingly off expectations. GDP growth slowed to 6.9% slightly below 7% which is the government’s target. Industrial production slowed to 5.7% compared to 5.4% which was at the… read more
Morning Dealing Room Technical Report
October 19, 2015Market Comment Australia The S&P/ASX 200 index was up 0.73% or 38.164pts to 5268.21 (day range: 5294.3 – 5230) on Friday. The index is above its 20d MA (@ 5132) and above its 50d MA (@ 5173). 75% of the index constituents are above their 20D MA (vs 68% the… read more
EU Session Bullet Report – USD stable, market awaits EU inflation
October 16, 2015A rise in core US CPI figures yesterday restored some hopes that the FOMC could still move this year. Asian stocks are mixed today and are looking for direction despite a final hour rise in Wall St. Nikkei is rising, boosted also by a rise in USDJPY which reclaimed 119… read more
Morning Dealing Room Technical Report
October 16, 2015Market Comment Australia The S&P/ASX 200 index was up 0.63% or 32.794pts to 5230.05 (day range: 5238.9 – 5197.3) on Thursday. The index is above its 20d MA (@ 5127) and above its 50d MA (@ 5177). 75% of the index constituents are above their 20D MA (vs 68% the… read more
EU Session Bullet Report -USD sell-off after weak Retail Sales
October 15, 2015Economic data released yesterday in the US confirmed that the slowdown in the economy is larger than expected. US retail sales failed to meet expectations of a 0.2% m/m growth and settled for 0.1%. Markets have now priced the expectation of a Fed rate hike in the coming months at… read more
Morning Dealing Room Technical Report
October 15, 2015Market Comment Australia The S&P/ASX 200 index edged down 0.11% or 5.603pts to 5197.25 (day range: 5202.9 – 5164.2) on Wednesday. The index is above its 20d MA (@ 5123) and above its 50d MA (@ 5185). 68% of the index constituents are above their 20D MA (unchanged from the… read more
EU Session Bullet Report -GOLD Bullish – USD mixed
October 14, 2015China CPI slowed more than expected to 1.6% in September vs 1.8% expected and resulted in stock markets falling once again in Asia. CPI now slowed 3 straight months indicating a reduction in prices and a slowdown in the economy. AUD, CAD and NZD dropped versus the USD. EURUSD reached… read more
