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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Aug 20, 2014 8:00:00 PM

August 21, 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. {updated at 00:00:00 UTC}

Market Best Performer Worst Performer Comments
Forex  USDJPY NZDUSD  US Dollar rose again on a perceived shift in bias in the July FOMC Minutes which showed the board mutating from being predominantly dovish to one where the hawks are beginning to emerge. This fueled the possibility that rate hikes might happen sooner than had been priced in so far and provided the impetus for the Dollar rally.     
Equity  ASX 200  China H Shares Australian stocks rose to a 6-year high on strong earnings numbers. Chinese stocks declined ahead of today's HSBC Flash PMI report.
Commodity  US Crude Oil (WTI) Natural Gas  Crude oil rose on a larger than expected drop in inventories. Profit taking ahead of tomorrow's EIA report sent natural gas lower. 
    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 082114

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

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DOLLAR 082114

Topics: Pivot Points, Asian session


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