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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Oct 9, 2014 8:00:00 PM

October 10, 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 USDCAD AUDJPY Euro fell as Draghi reiterated concern about "excessively low inflation" that is enveloping the euro-zone. Yen gained as BOJ Governor Kuroda sounded optimistic that the measures enacted so far could be enough to inflate the Japanese economy. CAD fell as oil prices slumped. Aussie, which had initially shrugged off the weaker employment report, came under renewed pressure on global growth concerns.
Equity Hang Seng Nikkei 225 Hong Kong stocks rose as they took their cue from yesterday's surge in US stocks.  European stocks declined on global growth concerns while the Yen's strength undermined Japanese stocks.
Commodity Gold US Crude Oil (WTI) US Crude oil continued its free-fall as rising global supplies and worries about slowing demand has this commodity on the defensive.
  • 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.

(click to enlarge)

FOREX 101014

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

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DOLLAR 101014

Topics: Pivot Points, Asian session

 

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