September 07, 2014 (Weeky)- 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 weekly performance chart.
|Market||Best Performer||Worst Performer||Comments|
|Forex||AUDJPY||EURAUD||US Dollar was markedly higher -vs- the rest of the majors as the market views the FOMC as being ahead of the other major central banks, notably ECB & BOJ, in moving to a tightening policy stance. Aussie also benefited as traders become more confident that the RBA's next move will be to start hiking rates. Euro got slammed following the ECB's surprise 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||China H Shares||ASX 200||Chinese stocks surged on a report that showed faster growth in service industries. European stocks soared on the promise of "easy money" from the ECB.|
|Commodity||Heating Oil||Natural Gas||Natural Gas fell as EIA weekly data showed that inventories rose more than expected even as forecasts called for cooler temperatures.|
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 week 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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Equity Indices, Commodities & USD -vs- Majors Weekly performance
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