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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Sep 16, 2014 8:00:00 PM

September 17, 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  CADJPY USDCAD  US Dollar declined as traders await the FOMC's decision, specifically to see if the accompanying statement omits the phrase "considerable time" as it applies to their pledge to keep rates low. CAD rose after a report showed that factory sales posted a record increase. AUD surged after People's Bank of China (PBoC) boosted liquidity to the five largest banks, a move that is tantamount to a rate cut and underscores their commitment to stimulate growth.  
Equity S&P 500 China H Shares  Energy stocks, buoyed by rising oil prices, contributed to a rise in US Indices. A powerful typhoon (Kalmaegi) forced the closure of the Hong Kong Stock market and led to decline in Chinese stocks in after market trading.
Commodity  US Crude Oil (WTI)  Gold US Crude oil rose after OPEC said they might cut supply next year. Gold & Silver received an "alternate investment" bid.
    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 091714

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

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DOLLAR 091714

Topics: Pivot Points, Asian session


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