
ING believes EUR/USD will break 1.20, and you?
What is moving the markets these days? What are the main drivers of currency [...]
Energy and Material stocks wore the worst of the selling pressure after both Gold and Crude Oil continued to weaken in overnight trading, despite their recent vain attempt to push higher, paving the way for our Aussie 200 index to lose some 30 points from the early intraday high. Over the last 2 trading sessions, Gold has fallen $30 per ounce and with the commodities coming under pressure, it has meant the Aussie Dollar has continued its recent downtrend and is now sitting at 0.8623.
How did the Aussie market perform today?
S&P/ASX200 lost 6.9 points or -0.13% on volume of $4.91 billion, closing at 5517.1.
Australian sector watch
Looking over the charts
Chart Courtesy of Invast MT4
ASX top 200 stock analysis
16% of stocks are showing oversold levels, 37% are showing overbought levels and 50% 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, 11 Nov, 2014 / 8:42
ING believes EUR/USD will break 1.20, and you?
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