
ING believes EUR/USD will break 1.20, and you?
What is moving the markets these days? What are the main drivers of currency [...]
Markets gyrated around nervous support levels in overnight trading, causing many key stop levels to get hit, forcing the international bourses to lose ground, but that didn’t deter traders on the ASX today, pushing our leading index higher by 52.7 points, all but reversing yesterday’s big red day. All sectors were in the black and on the economic front the Chinese HSBC Flash Manufacturing PMI came in higher than expected, with a reading of 50.5.
How did the Aussie market perform today?
S&P/ASX200 gained 52.7 points or +0.97% on volume of $4.2 billion, closing at 5415.7.
Australian sector watch
Looking over the charts
Chart Courtesy of Invast MT4
ASX top 200 stock analysis
42% of stocks are showing oversold levels, 8% are showing overbought levels and 40% 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
Tuesday, 23 Sep, 2014 / 7:53
ING believes EUR/USD will break 1.20, and you?
What is moving the markets these days? What are the main drivers of currency [...]
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