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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Sep 4, 2014 8:00:00 PM

September 05, 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  USDCHF  EURCAD  The US Dollar was markedly higher following the ECB's surprising rate cut and plans to implement additional stimulus measures as soon as next month. Swiss Franc weakened as well which delayed, perhaps temporarily, the decision that SNB will have to make as to whether they continue to defend the 1.20 level in EUR/CHF given the pressure that will be brought to bear on the common currency.
Equity EU Stoxx 50  Hang Seng  European stocks soared on the promise of "easy money" from the ECB. Hong Kong stocks declined a bit on profit taking.
Commodity  Natural Gas Gold Natural Gas fell as EIA weekly data showed that inventories rose more than expected. Gold and Silver lost a bit of their alternative asset allure.
    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 090514

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

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DOLLAR 090514

Topics: Pivot Points, Asian session


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