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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Aug 6, 2014 8:00:00 PM

August 07, 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  AUDUSD GBPJPY  Yen spiked suddenly just past Noon EST and while many in the market suspected a "fat finger" trade, the escalation of tensions between Russia and the West probably had traders fleeing to the safe haven status of the Japanese unit. 
Equity  ASX 200  NIKKEI 225 Japanese stocks fell by 1% on Ukraine/Russia standoff.
Commodity  NATURAL GAS  US CRUDE OIL (WTI)  Natural Gas continues to rise on speculation that temperatures will revert back to the norm in August. Geopolitical concerns and their effect on stock markets has given a "fear bid" to Gold and Silver. US Crude Oil (WTI) fell again on reports that refineries had slowed their operations.
    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 080714

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

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DOLLAR 080714


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