
The ECB turns everything upside down
A new European Central Bank report shows a different assessment of the central [...]
The Reserve Bank of Australia (RBA) surprised the market today by not cutting the bench mark interest rate and leaving it on hold at 2.25 per cent, citing strength across the Melbourne and Sydney property market as one of the key reasons for their stance. However, going forward, Glenn Stevens has highlighted an easing stance, so expect some volatility across the Aussie Dollar over the next few months. The Aussie Dollar leapt over 60 pips on the news and the Aussie 200 index fell around 50 points as the banking sector saw some profit taking.
How did the Aussie market perform today?
S&P/ASX200 lost 25 points or -0.42% on volume of $5.54 billion, closing at 5933.9.
Australian sector watch
Looking over the charts
Chart Courtesy of Invast MT4
ASX top 200 stock analysis
16% of stocks are showing oversold levels, 31% are showing overbought levels and 67% 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 Mar, 2015 / 6:55
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