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Monthly Market Snapshot - July, 2016: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Aug 1, 2016 12:00:00 PM

July 2016 - (Monthly) FX Strength, Pivot points, Support, Resistance & Fibonacci retracement levels for Currency pairs, Dollar Index, Global Stock Indices & Commodities offered by WorldWideMarkets and Chart(s) of Interest. [Dollar Index, EURUSD, S&P500{updated end of month}

  • Performance [The latest FED statement on monetary policy clearly depicted uncertainty which was reflected in global markets as equities surged while US dollar and oil retraced]
FX Monthly Performance (Strongest to Weakest)
Strongest Weakest
AUD JPY NZD CHF EUR USD GBP CAD
Market Best - Current Month Worst - Current Month Best - Last 2 Months Worst - Last 2 Months
Forex AUDCAD GBPJPY EURGBP GBPJPY
Equity USA - Nasdaq China United Kingdom Japan
Commodity Silver US Crude Oil (WTI) Silver US Crude Oil (WTI)
  • Pivot Points & Fibonacci Retracement Levels - Monthly
    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 period. If the market on the following period trades above the pivot point it is thought to be exhibiting bullish sentiment, whereas trading below the pivot point is seen as bearish. The Fibonacci retracement is the potential reversal of a financial instrument's original move in price.(click to enlarge)
  • Chart(s) of Interest - [Dollar Index, EURUSD, S&P500](click to enlarge)
    1. Dollar Index (monthly)
    2. EURUSD (monthly)
    3. S&P500 (monthly)
  • Global Stock Indices, Commodities & USD -vs- Majors - Monthly(click to enlarge)

Topics: Pivot Points, Asian session, Monthly

 

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