Daily Outlook Friday 17th July 2015 Global equities remain bid with outperformance from US Tech / NASDAQ (+1.5%) breaking to record highs. Earnings from Netflix (+18%) and Google (13% after hours) buoyed the market. The USD index is hovering around the two months high following US Fed Yellen restating that… 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
July 17, 2015Friday 17th July 2015 Market Comment Australia The S&P/ASX 200 index increased 0.59% or 33.382pts to 5669.61 (day range: 5691.2 – 5643.9) on Thursday. The index is above its 20d MA (@ 5557) and above its 50d MA (@ 5600). 64% of the index constituents are above their 20D MA… read more
Bullet Report
July 16, 2015Daily Outlook Thursday 16th July 2015 US Fed Yellen reiterated that rate a hike is appropriate at some point this year if the economy evolves as expected. This is based on projections on the anticipated path of the economy, not statements of intent to raise rates at any particular time…. read more
Morning Dealing Room Technical Report
July 16, 2015Thursday 16th July 2015 Market Comment Australia The S&P/ASX 200 index jumped 1.05% or 58.822pts to 5636.23 (day range: 5637.6 – 5576.9) on Wednesday. The index is above its 20d MA (@ 5550) and above its 50d MA (@ 5600). 60% of the index constituents are above their 20D MA… read more
Bullet Report
July 15, 2015Daily Outlook Wednesday 15th July 2015 US retail sales disappointed yesterday, falling 0.3% vs positive 0.3% expectation. USD was sold off initially but has recovered well since. US equities continue to climb up, driven by outperformance in technology stocks (US Tech +0.7%). It is close to approaching and all-time high… read more
Morning Dealing Room Technical Report
July 15, 2015Wednesday 15th July 2015 Market Comment Australia The S&P/ASX 200 index gained 1.9% or 104.233pts to 5577.4 (day range: 5587.1 – 5498.4) on Tuesday. The index is above its 20d MA (@ 5548) and below its 50d MA (@ 5604). 49% of the index constituents are above their 20D MA… read more
Bullet Report
July 14, 2015Daily Outlook Tuesday 14th July 2015 Mixed emotions manifested in the markets after Greek PM Tsipras agreed to Eurogroup demands, with the deal to be approved by the Greek Parliament. Equity markets were optimistic but FX markets were less convinced with US dollar gaining around 1% since the deal announcement…. read more
Morning Dealing Room Technical Report
July 14, 2015Tuesday 14th July 2015 Market Comment Australia The S&P/ASX 200 index fell 0.34% or 18.868pts to 5473.17 (day range: 5543.3 – 5451.1) on Monday. The index is below its 20d MA (@ 5546) and below its 50d MA (@ 5609). 21% of the index constituents are above their 20D MA… read more
Daily Outlook Monday 13th July 2015
July 13, 2015Daily Outlook Monday 13th July 2015 There are two market events traders should be on top of (1) Greece ongoing Deal or No Deal? and (2) China stock market volatility Greece’s debt negotiation is ongoing. A deal was expected over the weekend but nothing came through. Latest news is Greece… read more
Morning Dealing Room Technical Report
July 13, 2015Monday 13th July 2015 Market Comment Australia The S&P/ASX 200 index increased 0.39% or 21.064pts to 5492.04 (day range: 5528.4 – 5478.3) on Friday. The index is below its 20d MA (@ 5549) and below its 50d MA (@ 5616). 24% of the index constituents are above their 20D MA… read more
