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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Jul 22, 2014 5:15:00 PM

July 23, 2014 (Daily)Pivot points, Support & Resistance levels for Equity Indices, Commodities, Dollar Index and Forex pairs offered by WorldWideMarkets and USD, Equity Indices & Commodity daily performance chart

Market Best Performer Worst Performer Comments
Forex  USDCHF EURAUD  Euro weakened -vs- the dollar as traders focused on the divergent monetary policies. The Swiss unit, which usually moves in tandem with the common currency, also declined. Aussie was stronger across the board as RBA Governor Stevens stated that he was content with monetary policy as is. This was in contrast with his statements earlier this month where he implied that rates might be lowered to counteract an "overvalued" currency.  
Equity CHINA H Shares ASX 200 Chinese stock rose on speculation that more government stimulus is in the offing. 
Commodity SILVER NATURAL GAS  Lower demand due to a mild summer, especially in the heavily populated north-east, has led to an increase in stockpiles which has brought Natural Gas bears out of hibernation. 
  • PIVOT POINTS
    A technical analysis indicator used to try and determine the short-term trend of the market. The pivot point is the average of the high, low and closing prices from the previous trading day. If the market in the following day trades above the pivot point it is thought to be exhibiting bullish sentiment, whereas trading below the pivot point is seen as bearish.

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FOREX 072314

  • Equity Indices, Commodities & USD -vs- Majors Daily performance

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DOLLAR 072314

 

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