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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Sep 18, 2014 8:00:00 PM

September 19, 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  GBPJPY  USDCHF The Great British Pound rose again on indications that Scotland will vote to remain part of the UK. SNB kept its policy unchanged though they did state that they would defend the CHF "immediately" if the risk of deflation continues to rise. The lack of action appears to have caught the market a bit off guard resulting in the Swiss France strengthening, an outcome that cannot sit well with the SNB. Given the Euro's bearish momentum, it will be interesting to see what the SNB will do if EUR/CHF threatens 1.2000. YEN weakness continued, spurred by Kuroda's statement where he said that a strong dollar is not a negative for the Japanese economy.
Equity  Nifty 50  Hang Seng  Indian stocks rose amid optimism that trade ties with China will boost economic growth. Hong Kong stocks fell after weak Chinese housing data raised concerns about the economy.
Commodity  Gold  Natural Gas Natural gas fell sharply after the weekly report showed that inventory was higher than the 5-year average. 
    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 091914

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

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DOLLAR 091914

Topics: Pivot Points, Asian session


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