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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Sep 25, 2014 8:00:00 PM

September 26, 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  AUDNZD NZDJPY What do you get when you take a currency under pressure and add the threat of intervention to it? Well, you get what happened to the Kiwi yesterday as RBNZ Governor Wheeler's apparently off the cuff remarks about possible intervention sent the New Zealand unit plummeting through the 0.8000 level. Factor in Japan's Health Minister stating that he was in no hurry to implement changes to the public pension fund (a sentiment that was contrary to market expectations given that one of the main reasons for his appointment was to revamp that entity) which resulted in the Yen receiving a bid and it is not a mystery why NZD/JPY was easily the worst performing major.
Equity China H Shares DAX 30 German stocks were the worst performers on a day when most of the major global indices ended up in the red. The catalyst appears to be BOE Governor Carney who stated that rate hikes are closer to becoming a reality which seems to have reminded investors that the FED may also be not that far behind. 
Commodity Natural Gas  Silver Natural gas rose after the weekly EIA report showed that inventory grew less than expected.
  • PIVOT POINTS
    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 092614

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

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DOLLAR 092614

Topics: Pivot Points, Asian session

 

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