
Increased risk appetite weakens the U.S. Dollar, boosts stocks
The economic figures published yesterday in the U.S. are another factor [...]
Gains across Europe and US bourses overnight plus solid gains seen across the Crude Oil price, provided an optimistic tone for the day ahead and the Aussie 200 did not disappoint. In addition to the positive underlying tones overnight, the Reserve Bank of Australia (RBA) cut the reserve rate by 25 basis points to 2.25 per cent, causing our index to leap ahead 82.1 points and our Aussie Dollar to continue its downward spiral, hitting a low of 0.7649.
How did the Aussie market perform today?
S&P/ASX200 gained 82.1 points or +1.44% on volume of $5.28 billion, closing at 5707.4.
Australian sector watch
Looking over the charts
Chart Courtesy of Invast MT4
ASX top 200 stock analysis
8% of stocks are showing oversold levels, 56% are showing overbought levels and 56% 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, 03 Feb, 2015 / 9:30
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