
Biden Unveils $1.9tn Aid Package
Jobless Numbers Spike The dollar had a choppy session on Thursday. However, it [...]
US Non-farm payroll data printed at 295,000 versus an expectation of 230,000, which pushed the US Dollar much higher, forcing all other currency pairs to retreat. In addition to the strength of the US Dollar we saw the US indices pull back 1.1 to 1.54 per cent, as analysts and traders firmly believe the continued strength in the job numbers will give a higher probability of the US FED raising the bench market interest rate. The strengthening US Dollar was Gold’s downfall, which saw the shiny asset drop 2.7 per cent on Friday, hitting a low of $1,163.6 per ounce, whilst the Aussie Dollar is definitely sitting at the low end of the current support/resistance range.
How did the Aussie market perform today?
S&P/ASX200 lost 77.6 points or -1.33% on volume of $3.95 billion, closing at 5821.3.
Australian sector watch
Looking over the charts
Chart Courtesy of Invast MT4
ASX top 200 stock analysis
29% of stocks are showing oversold levels, 14% are showing overbought levels and 63% 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, 09 Mar, 2015 / 9:51
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