
Can the Bank of Canada pull off a ‘cautious’ tapering?
· Bank of Canada likely to scale down its vast QE program today [...]
Incredible volatility across the Euro dollar and British Pound overnight as the ECB cut the lending rate from 0.15 per cent to 0.05 per cent and then made headlines everywhere by increasing the ‘negative’ interest rate the banks pay for holding money on deposit, now charging holders minus 0.2 per cent for the privilege. European indices pushed higher, US markets remained flat whilst the Aussie 200 index took a tumble from weak commodity prices, with Iron Ore the main culprit.
How did the Aussie market perform today?
S&P/ASX200 lost 32.6 points or -0.58% on volume of $3 billion, closing at 5598.7.
Australian sector watch
Looking over the charts
Chart Courtesy of Invast MT4
ASX top 200 stock analysis
23% of stocks are showing oversold levels, 16% are showing overbought levels and 64% 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
Friday, 05 Sep, 2014 / 8:41
Can the Bank of Canada pull off a ‘cautious’ tapering?
· Bank of Canada likely to scale down its vast QE program today [...]
JOHNSON & JOHNSON SHARES SPIKE ON EARNINGS BEAT
The company’s quarterly results come at a time when the distribution of [...]
Intraday Market Analysis – Recovery Momentum
EURUSD breaks above key resistance eurusd The euro recoups last month’s [...]