While the USD gained versus all other currencies on Friday, the picture was partially reversed this morning when Asian markets opened. Talk of a possible rate hike this year, has scared stock markets again as a high interest rate environment is creating alternative investments for money that would have gone… 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
August 31, 2015Market Comment Australia The S&P/ASX 200 index gained 0.58% or 30.235pts to 5263.56 (day range: 5305 – 5228.6) on Friday. The index is below its 20d MA (@ 5380) and below its 50d MA (@ 5503). 37% of the index constituents are above their 20D MA (vs 28% the previous… read more
Morning Dealing Room Technical Report
August 28, 2015Market Comment Australia The S&P/ASX 200 index jumped 1.17% or 60.549pts to 5233.32 (day range: 5268.8 – 5188.7) on Thursday. The index is below its 20d MA (@ 5402) and below its 50d MA (@ 5510). 28% of the index constituents are above their 20D MA (vs 17% the previous… read more
EU Session Bullet Report – USD gains as Stock enjoy a rally
August 27, 2015Global shares are enjoying a so called “relief rally” – a recovery after severe losses, led by the Shanghai Index which is trading higher by over 2%. Last night, Dow Jones and SP500 enjoyed the biggest percentage gain in 4 years. The positive stock environment is benefiting the USD, hence… read more
Morning Dealing Room Technical Report
August 27, 2015Market Comment Australia The S&P/ASX 200 index increased 0.69% or 35.523pts to 5172.78 (day range: 5179.2 – 5051.4) on Wednesday. The index is below its 20d MA (@ 5424) and below its 50d MA (@ 5515). 17% of the index constituents are above their 20D MA (vs 14% the previous… read more
Morning Dealing Room Technical Report
August 26, 2015Market Comment Australia The S&P/ASX 200 index jumped 2.72% or 135.972pts to 5137.25 (day range: 5151.7 – 4928.3) on Tuesday. The index is below its 20d MA (@ 5447) and below its 50d MA (@ 5524). 14% of the index constituents are above their 20D MA (vs 10% the previous… read more
EU Session Bullet Report – Market stabilizes after yesterdays Tsunami
August 25, 2015We have a calmer session today after yesterday’s tsunami where Stock markets experienced the worst day since 2009. There is a massive crisis of confidence unfolding globally and in these situations investors tend to sell first, and ask questions later. As of time of writing, Asian stock markets are rebounding… read more
EU Session Bullet Report – The Massacre Continues
August 24, 2015China shares wiped out 2015 gains as stocks drop 8.5%. A number of currencies in the region also fell to monthly and yearly lows as fears over a global recession continue to emerge. AUDUSD fell to a new one year low, while EURUSD continues its vicious surge towards 1.15. The… read more
Morning Dealing Room Technical Report
August 24, 2015Market Comment Australia The S&P/ASX 200 index decreased 1.4% or 73.984pts to 5214.6 (day range: 5277.4 – 5171.5) on Friday. The index is below its 20d MA (@ 5498) and below its 50d MA (@ 5543). 18% of the index constituents are above their 20D MA (vs 19% the previous session)… read more
Bullet Report – Deja-vous of 2007 stock market meltdown
August 21, 2015Too many headlines and things going on in the global markets so here are the headlines and their implications for the meltdown of the USD and stock indices yesterday and overnight in Asia: • Greek PM Tsipras resigns, paving the way for Greek snap elections. • China August manufacturing activity… read more
