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Technical Analysis Weekly: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Aug 2, 2014 6:30:00 PM

August 02, 2014 (Weekly)Pivot points, Support & Resistance levels for Equity Indices, Commodities, Dollar Index and Forex pairs offered by WorldWideMarkets and USD, Equity Indices & Commodity weekly performance chart

Market Best Performer Worst Performer Comments
Forex  USDCAD AUDUSD  US Dollar outperformed its major peers in a week that saw the release of stronger than expected GDP figures and slightly weaker payroll data. FOMC statement was in line with expectations though the recent strength in economic data will likely force the committee to address inflationary concerns before too long.  
Equity HANG SENG DAX 30  Hong Kong stocks continued their march higher amid builder's optimism for looser home buying policies. German stocks fell the most in a week that saw most global markets decline. Blame was placed on Addidas warning of weaker Russian profits due to the ongoing crisis, European periphery fears returning on Portuguese issues and Argentina's debt default.  Or perhaps it was the uncertainty of future US monetary policy that led many fund managers to take some profits off the table.
Commodity NATURAL GAS US CRUDE OIL (WTI) Natural Gas was higher as the weekly report showed that supplies rose less than expected. US Crude oil continued its free fall on concerns of weakening 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 week 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 080214 w

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

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DOLLAR 080214 w


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