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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Oct 7, 2014 8:00:00 PM

October 08, 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 AUDCAD CADJPY Japanese Yen strengthened for the second straight session as $/¥ breached the 108 level abetted by a report that the IMF had cut its forecast for global growth. The severity of the drop is quite symptomatic of profit-taking as longs liquidate positions after the impulsive move to 110. Aussie rose after the RBA left policy as is while noting an improvement in private demand. 
Equity China H Shares EU Stoxx 50 Chinese stocks rose as Hong Kong pro-democracy protests die down a bit. European stocks slumped to multi week lows after German Industrial Production came out much weaker than expected as it posted a 5 year low.
Commodity Natural Gas US Crude Oil (WTI) Natural Gas recovered a bit after yesterday's plunge but traders still remain wary of this week's inventory data. US Crude oil fell to a 17-month low ahead of today's inventory data and on the IMF report of global slowdown.
  • 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 100814

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

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DOLLAR 100814

Topics: Pivot Points, Asian session

 

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