
GBPUSD On Track To Settle Above 1.3700
The British pound sterling continues to keep a bullish hold. After failing to [...]
Despite a modestly positive session from international bourses our local market was unable to gain any firm footing, falling into negative territory throughout the day, following weaker than expected China Services PMI, hitting an all-time low of 50. We also had the Reserve Bank of Australia (RBA) deciding to leave rates on hold, citing lower wage growth, modestly increasing inflation and the interest in a stable environment in the short term.
How did the Aussie market perform today?
S&P/ASX200 lost 22.3 points or -0.40% on volume of $3.5 billion, closing at 5518.6.
Australian sector watch
Looking over the charts
ASX top 200 stock analysis
42% of stocks are showing oversold levels, 9% are showing overbought levels and 54% 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, 05 Aug, 2014 / 7:44
GBPUSD On Track To Settle Above 1.3700
The British pound sterling continues to keep a bullish hold. After failing to [...]
The crude market saw a much quieter period of trading this week. Price [...]
Biden To Push Through Stimulus Aid
Greenback Fades as Bears Take Control The US index dropped towards the 90 [...]