WWM - Analytics

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    Weekly Market Snapshot - October 31, 2015: Forex, Stock Indices, Commodities

    October 31, 2015 - (Weekly) Pivot points, Support, Resistance & Fibonacci retracement levels for Currency pairs, Dollar Index, Global Stock Indices & Commodities offered by WorldWideMarkets and a Chart of Interest. {updated end of week}

    • Weekly Currency Performance (Strongest to Weakest)FX_Strength_103015.png

    Market Best Performer Worst Performer Comments
    Forex GBPCHF  AUDCAD FOMC statement was a bit more hawkish than market expectations while the BOJ and RBNZ left policy unchanged.  Rebound in crude prices gave a boost to the Canadian dollar and expectations of further rate cuts saw the Aussie come under pressure. 
    Equity Nasdaq 100 India US stock indices collectively had their best October performance since 2011 as signs of a slowing economy had investors betting that the FED would not be hiking rates any time soon. Indian stocks were depressed by weaker earnings.
    Commodity Heating Oil  Gold Crude oil prices rose on expectations of future productions cutbacks.
    • Pivot Points & Fibonacci Retracement Levels
      A technical analysis indicator used to try and determine the short-term trend of the market. The pivot point is the average of the high, low and closing prices from the previous trading period. If the market on the following period trades above the pivot point it is thought to be exhibiting bullish sentiment, whereas trading below the pivot point is seen as bearish. The Fibonacci retracement is the potential reversal of a financial instrument's original move in price.(click to enlarge)FOREX_103015_w.png
    • Chart of Interest - AUD/CAD - Weekly(click to enlarge)Chart_audcad_W_103015.png
    • Global Stock Indices, Commodities & USD -vs- Majors Weekly performance(click to enlarge)DOLLAR_103015_w.png


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