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Technical Analysis Daily: Forex, Equities, Commodities

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

October 09, 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 NZDJPY AUDNZD US Dollar fell as FOMC minutes showed that some members voiced concern that a strengthening currency could further harm export growth especially since both China & Euro-zone economies were experiencing subpar growth. 
Equity Nasdaq 100 Hang Seng US Stocks surged as the market interpreted the surprisingly dovish tinge to the FOMC minutes to mean that interest rates will stay at their current levels for longer than had been anticipated. Hong Kong stocks declined on the IMF report.
Commodity Silver Natural Gas Silver & Gold rose as the Dollar fell. Natural gas fell as traders positioned themselves for a potentially bearish inventory report due out today. 
  • 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 100914

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

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DOLLAR 100914

Topics: Pivot Points, Asian session

 

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