Stock markets sunk on Friday following the Feds decision on Thursday to leave interest rates unchanged. Concerns over the global economic growth were fuelled following Janet Yellens press conference which highlighted that recent events had perhaps influenced the Feds decision. This morning in Asia, market sentiment has continued to follow… 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.
Morning Dealing Room Technical Report
September 21, 2015Market Comment Australia The S&P/ASX 200 index rose 0.46% or 23.682pts to 5170.5 (day range: 5195 – 5093.2) on Friday. The index is above its 20d MA (@ 5117) and below its 50d MA (@ 5370). 61% of the index constituents are above their 20D MA (vs 52% the previous session)… read more
EU Session Bullet Report – Fed delays rate hike – What’s next?
September 18, 2015The Federal Reserve Bank, last night decided against a September rate hike and kept its funds rate unchanged at 0.25%. However, a rate hike this year was not completely ruled out. “The outlook abroard appears to have become less certain,” Yellen told a news conference following the announcement. Despite the… read more
Morning Dealing Room Technical Report
September 18, 2015Market Comment Australia The S&P/ASX 200 index gained 0.94% or 47.959pts to 5146.82 (day range: 5194 – 5098.9) on Thursday. The index is above its 20d MA (@ 5119) and below its 50d MA (@ 5376). 52% of the index constituents are above their 20D MA (vs 41% the previous session)… read more
EU Session Bullet Report – Gold & Oil up ahead of US rate decision
September 17, 2015Good morning. Today, the long awaited decision on whether the Federal Reserve will increase interest rates in September will be made. The FOMC will conclude its 2 day meeting and at 18:00 GMT, Fed chair Janet Yellen will announce the committee’s decision. Yesterday, following a slow start to the European… read more
Morning Dealing Room Technical Report
September 17, 2015Market Comment Australia The S&P/ASX 200 index jumped 1.6% or 80.425pts to 5098.86 (day range: 5099 – 5018.4) on Wednesday. The index is below its 20d MA (@ 5127) and below its 50d MA (@ 5383). 41% of the index constituents are above their 20D MA (vs 25% the previous… read more
EU Session Bullet Report – FOMC meets today – Doom, Gloom or Boom
September 16, 2015Good morning. So will it be economic gloom, doom or boom. The FOMC today begins its most anticipated meeting in 5 years, ahead of its interest rate announcement tomorrow. The worlds financial markets have regressed into limbo as choppy, range bound markets, doing little to boost investor confidence. To illustrate… read more
Morning Dealing Room Technical Report
September 16, 2015Market Comment Australia The S&P/ASX 200 index dropped 1.53% or 78.034pts to 5018.44 (day range: 5103.5 – 5017.8) on Tuesday. The index is below its 20d MA (@ 5141) and below its 50d MA (@ 5390). 25% of the index constituents are above their 20D MA (vs 36% the previous session)… read more
EU Session Bullet Report – A Full calendar today – USD in range
September 15, 2015The markets remained within a tight range yesterday and overnight as traders await the FOMC rate decision on Thursday. USD is holding near a 3 week low against a basket of most major currencies as investors bet the rates would be kept at their record lows until at least December…. read more
Morning Dealing Room Technical Report
September 15, 2015Market Comment Australia The S&P/ASX 200 index rose 0.5% or 25.386pts to 5096.47 (day range: 5132.4 – 5068.9) on Monday. The index is below its 20d MA (@ 5155) and below its 50d MA (@ 5402). 36% of the index constituents are above their 20D MA (vs 29% the previous session)… read more
