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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Aug 25, 2014 8:00:00 PM

August 26, 2014 (Daily)Pivot points, Support & Resistance levels for Equity Indices, Commodities, Dollar Index and currency pairs offered by WorldWideMarkets online FOREX trading and USD, Equity Indices & Commodity daily performance chart.

Market Best Performer Worst Performer Comments
Forex  AUDNZD  NZDJPY US Dollar strength continued as it reached a 11-month high -vs- the Euro and retained a bid -vs- the Yen. NZD declined on a weaker than expected Trade balance figure as the export slump, especially to China, worsened.
Equity EU Stoxx 50  Nifty 50 European stocks surged, outperforming most global indices as Draghi's Jackson Hole comments raised prospects of further monetary policy easing initiatives. Global equities were in a buoyant mood where even the laggard Indian index eked out minor gains. FTSE was closed due to a UK holiday.
Commodity  Natural Gas  Silver Natural gas climbed the most in 2 months  on forecasts that temperatures will revert to their summer norms. Silver and Gold fell as traders increased short positions, especially in the former, on expectations of tighter FED policy.
    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 082614

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

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DOLLAR 082614

Topics: Pivot Points, Asian session


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