
Can the Bank of Canada pull off a ‘cautious’ tapering?
· Bank of Canada likely to scale down its vast QE program today [...]
Stimulus plans by the European Central Bank (ECB) provided somewhat of a bedrock for global indices Thursday night, with Mario Draghi pledging $60 billion per month in stimulus and stopping when they’re asset purchases total $1.1 trillion. Equity markets jumped considerably with German’s Dax index at all-time record highs and the US markets enjoying a 1.5 per cent rise on the day. The Aussie 200 Index followed suit, pushing ahead a robust 75.2 points or 1.4 per cent with all sectors firmly in the black.
How did the Aussie market perform today?
S&P/ASX200 gained 81.9 points or +1.49% on volume of $4.03 billion, closing at 5501.8.
Australian sector watch
Looking over the charts
Chart Courtesy of Invast MT4
ASX top 200 stock analysis
17% of stocks are showing oversold levels, 31% are showing overbought levels and 52% 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, 23 Jan, 2015 / 9:59
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 [...]