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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Sep 3, 2014 8:00:00 PM

September 04, 2014 (Daily)Pivot points, Support & Resistance levels for Equity Indices, Commodities, Dollar Index and currency 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 AUDUSD  EURAUD  Aussie outperformed the rest of its' major peers after RBA Governor Stevens stated that he is not in favor of driving property prices higher to try and reduce unemployment faster. This and a better GDP print reassured traders that rates are on hold for the foreseeable future and gave the AUD a yield-advantage bid.  Euro was rangebound ahead of ECB meeting while the Yen recouped some of yesterday's losses ahead of today's BOJ announcement.
Equity China H Shares   Nasdaq 100 Chinese stocks surged on a report that showed faster growth in service industries. Apple's stock fell by over 4% dragging the technology heavy Nasdaq lower.
Commodity  US Crude Oil (WTI)  Natural Gas Crude oil rebounded from multi-month lows on news of Ukraine/Russia cease-fire. Natural Gas continued to fall 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 090414

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

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DOLLAR 090414

Topics: Pivot Points, Asian session


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