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Weekly Market Snapshot - September 11, 2015: Forex, Stock Indices, Commodities

Posted by Akhilesh Ganti on Sep 11, 2015 7:49:59 PM

September 11, 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_091115.png
Market Best Performer Worst Performer Comments
Forex AUDJPY EURAUD Aussie was the best performing major as improving business confidence, a rebound in Chinese stocks and a better than expected employment report gave the currency a bid. Kiwi was on the defensive after RBNZ cut rates by 25bp and intimated that more easing might be needed. 
Equity China H Share EU Stoxx 50 Most major global equity markets were higher with China being the best performer as investors appear to be regaining confidence in the steps undertaken by PBOC to resuscitate economic growth.
Commodity Natural Gas Heating Oil Crude oil prices fell as Goldman Sachs, citing oversupply conditions, cut their price forecast for next year.
  • 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_091115_w.png
  • Chart of Interest - AUD/JPY - Weekly(click to enlarge)Chart_audjpy_W_091115.png
  • Global Stock Indices, Commodities & USD -vs- Majors Weekly performance(click to enlarge)DOLLAR_091115_w.png

Topics: Asian session, Pivot Points Weekly


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