
Jerome Powell speaks to the Wall Street Journal, the markets react instantly
The Fed Head’s WSJ interview generated plenty of interest in the [...]
Chinese bank rates took a haircut on Friday, suggesting that the government will do whatever it can to help both small business and their ailing property market, which saw 69 out of 70 cities fall in value, providing the necessary springboard for our key mining stocks to rally off recent lows, pushing the Materials index up a massive 3.22 per cent. This rate cut is widely expected to help the commodity heavy indices/currencies, with the Aussie Dollar rising off the back of this news to sit around the 0.8686 level.
How did the Aussie market perform today?
S&P/ASX200 gained 57.5 points or +1.07% on volume of $4.40 billion, closing at 5361.8.
Australian sector watch
Looking over the charts
Chart Courtesy of Invast MT4
ASX top 200 stock analysis
50% of stocks are showing oversold levels, 5% are showing overbought levels and 37% 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
Monday, 24 Nov, 2014 / 8:50
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