
Metals Break Higher On “Biden Bounce”
Gold The yellow metal surged higher over the last 24 hours in response to the [...]
Despite strong leads from US Markets on Thursday (S&P500 was up 1.26 per cent), our local Aussie index has been unable to gain any traction, falling away a disappointing 35.7 points, which is compounded further when we note that Japan’s Nikkei was up plus both Copper and Gold pushed higher as well. What has been interesting to note is that the Volatility Index dropped massively as the US Markets rebounded, indicating that risk and fear has quietened down and bull market conditions are in place. The Aussie Dollar has bounced back 120 pips from recent lows and Gold is currently trading around the $1,160 per ounce mark.
How did the Aussie market perform today?
S&P/ASX200 lost 35.7 points or -0.61% on volume of $3.90 billion, closing at 5814.5.
Australian sector watch
Looking over the charts
Chart Courtesy of Invast MT4
ASX top 200 stock analysis
28% of stocks are showing oversold levels, 12% are showing overbought levels and 61% 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, 13 Mar, 2015 / 7:25
Metals Break Higher On “Biden Bounce”
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