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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Sep 22, 2014 8:00:00 PM

September 23, 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  EURCAD CADJPY The Great British Pound rose as investor focus returned to the question of when rates will be raised. CAD fell after a BOC official stated that stimulus is still needed for an economic recovery that could take longer than expected. Com-dolls (CAD, AUD, NZD etc) were under pressure after a Chinese report signaled slower economic growth.
Equity Nifty 50  China H Shares Indian stocks rose marginally on optimism that strengthening ties with Japan & US will boost economic growth. Chinese stocks fell, as did most major global indices, after Finance Minister Lou Jiwei admitted that strong headwinds to economic growth persist.
Commodity Natural Gas Heating Oil  Natural gas rallied on forecasts for warmer temperatures. Chinese growth concerns weighed on the oil markets.
    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 092314

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

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DOLLAR 092314

Topics: Pivot Points, Asian session


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