
Yields creep up ahead of Powell; stocks slip, dollar firms
Fragile risk sentiment as yields rise again, sending shares on [...]
Monday trading on the Nasdaq saw quite the roller coaster ride, following the announcement from Apple on their new watch, with the index gyrating half a percent up, half a percent down and back up half a percent again in just two hours of trading. Despite a strong start, our local index was unable to replicate the positive moves from the US and instead traded flat for the day, dragged down by the Energy and Consumer Discretionary sectors. Chinese Inflation climbed to 1.4% pushing the Aussie Dollar down to a low of 0.7631 whilst the selling pressure on Gold continues, pushing the price down to a 3 month low of $1,161 an ounce.
How did the Aussie market perform today?
S&P/ASX200 gained 2.9 points or +0.05% on volume of $4.23 billion, closing at 5824.2.
Australian sector watch
Looking over the charts
Chart Courtesy of Invast MT4
ASX top 200 stock analysis
35% of stocks are showing oversold levels, 13% are showing overbought levels and 63% 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, 10 Mar, 2015 / 7:37
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