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Technical Analysis Weekly: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Sep 28, 2014 6:15:00 PM

September 28, 2014 (Weekly)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 USDCAD NZDUSD  US Dollar continued its bullish surge as the market seems to have concluded that the US economy is primed to outperform every other major economy. Concerns about Chinese growth has the commodity dollars on the defensive with the Kiwi being the worst performer aided to a large degree by RBNZ Governor Wheeler's "innocent" remarks of possible intervention to weaken it further.
Equity Nikkei 225 DAX 30 Japanese stocks rose buoyed by the weakening Yen. German stocks were the worst performers on a week 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. Or it could just be a case of month & quarter end adjustments.
Commodity Natural Gas Silver Natural gas rose after the weekly EIA report showed that inventory grew less than expected. A stronger US Dollar brought Silver bears out of hibernation.
  • 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 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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FOREX 092814 w

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

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DOLLAR 092814 w

Topics: Pivot Points, Asian session, Weekly

 

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