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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Jul 29, 2014 5:15:00 PM

July 30, 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  USDCAD NZDUSD  US Dollar index rose to a multi-week high on speculation that the FOMC will have to address hiking rates as the US recovery takes shape. NZD remained on the defensive after Fonterra, the world's largest dairy exporter, lowered earnings projections. 
Equity  HANG SENG S&P 500 Hong Kong stocks continued their march higher amid builder's optimism for looser home buying policies. S&P 500 led a decline in US stock indices as investors pared exposure ahead of Q2 GDP, FOMC event risk and new sanctions against Russia. 
Commodity NATURAL GAS US OIL (WTI) US Crude oil fell to a 2-week low after a Kansas refinery's shutdown raised concerns of a reduction in demand.
    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 073014

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

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DOLLAR 073014


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