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Weekly Market Snapshot - November 28, 2015: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Nov 28, 2015 8:08:39 PM

November 28, 2015 - (Weekly) Pivot points, Support, Resistance & Fibonacci retracement levels for Currency pairs, Dollar Index, Global Stock Indices & Commodities offered by WorldWideMarkets and a Chart of Interest. {updated end of week}

  • Weekly Currency Performance (Strongest to Weakest)FX_Strength_112815.png
Market Best Performer Worst Performer Comments
Forex USDCHF GBPJPY The market expects FED to hike, ECB to increase QE and the BOJ to stand pat in December resulting in the Yen and Dollar outperforming the rest of the majors.
Equity Germany China German stocks continue to benefit from expectations of increased stimulus measures while Chinese stocks get hammered on reports that regulatory oversight will become more stringent.
Commodity Natural Gas Silver Natural gas prices rebounded a bit but are still on the defensive on forecasts of a milder than normal winter season 
  • Pivot Points & Fibonacci Retracement Levels
    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)FOREX_112815_w.png
  • Chart of Interest - Dollar Index - Weekly(click to enlarge)Chart_DXY_112815_w.png
  • Global Stock Indices, Commodities & USD -vs- Majors Weekly performance(click to enlarge)DOLLAR_112815_w.png

Topics: Pivot Points, Weekly

 

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