
GBPUSD On Track To Settle Above 1.3700
The British pound sterling continues to keep a bullish hold. After failing to [...]
Markets across the globe have continued to soften for the second day running with the DAX, S&P500, Dow Jones and Aussie 200 indices all pulling back from recent record highs. Investors appear to be uncertain about buying off the lows this time, which might be the early signs of potentially bigger moves to the downside to come. Gold is signalling bullish divergence and currently sits at $1,207 per ounce whilst the Aussie Dollar continues to gyrate between support and resistance, now hovering around 0.7820.
How did the Aussie market perform today?
S&P/ASX200 lost 32.3 points or -0.55% on volume of $4.50 billion, closing at 5901.6.
Australian sector watch
Looking over the charts
Chart Courtesy of Invast MT4
ASX top 200 stock analysis
20% of stocks are showing oversold levels, 22% 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
Wednesday, 04 Mar, 2015 / 8:00
GBPUSD On Track To Settle Above 1.3700
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