
Will the ECB disturb the waters?
· ECB unlikely to rock euro – resilient economy vs higher yields [...]
With over 30 key economic data releases due and the US markets limited to a four day week, thanks to their Labor Day holiday, it should be a heightened weak of volatility with a specific interest in the announcements Mario Draghi and the ECB make towards the middle of the week. Our Aussie market made a bold attempt towards a move higher but was unable to sustain the momentum and currently sits on a key short term support level.
How did the Aussie market perform today?
S&P/ASX200 gained 5.4 points or +0.10% on volume of $2.7 billion, closing at 5629.8.
Australian sector watch
Looking over the charts
Chart Courtesy of Invast MT4
ASX top 200 stock analysis
25% of stocks are showing oversold levels, 30% are showing overbought levels and 66% of stocks are currently above their long term moving average as of close of trading today. View the image below to better understand overbought and oversold levels.
S&P/ASX 200 Gainers and Losers
Top 5 gainers:
Top 5 Losers:
Please note that these are our initial impressions and that it is important to read all disclaimers on this website when considering the information. If you would like to discuss further please contact:
Ashley Jessen
Director of Communications
Email: ashley_jessen@invast.com.au
Phone: 02 8036 7567
Monday, 01 Sep, 2014 / 9:31
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