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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Sep 2, 2014 8:00:00 PM

September 03, 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. {updated at 00:00:00 UTC}

Market Best Performer Worst Performer Comments
Forex  EURJPY GBPUSD  US Dollar rose as more evidence of economic strength surfaced. Yen weakened ahead of tomorrow's BOJ meeting on speculation that PM Abe will appoint a risk taker to head the health ministry which manages the all important Government Pension Investment Fund (GPIF). Euro held its ground ahead of this week's ECB meeting after threatening to breach key support at 1.3104. The Pound got pounded after a poll showed that support for Scottish independence increased ahead of the 9/18 vote.
Equity  Nikkei 225 Dow 30  Japanese stocks rose to a 7-month high on the belief that a weaker Yen should translate into better earnings for export oriented companies. US stocks underperformed as slumping oil prices hit energy stocks.
Commodity  Silver  Natural Gas  Silver and Gold tumbled as the greater than expected rise in the US ISM Manufaturing PMI renewed fears that the FED will have to raise rates soon to keep pace with economic growth. US Crude oil declined on concerns that slower global manufacturing especially in Europe and China will curb demand.  Natural Gas fell on cooler weather forecasts.
    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 090314

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

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DOLLAR 090314

Topics: Pivot Points, Asian session


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