WWM - Analytics


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    Weekly Market Snapshot - June 18, 2016: Forex, Equities, Commodities

    June 18, 2016 - (Weekly) FX Strength, Pivot points, Support, Resistance & Fibonacci retracement levels for Currency pairs, Dollar Index, Global Stock Indices & Commodities offered by WorldWideMarkets and Chart(s) of Interest. [EURUSD, USDJPY, AUDUSD, Dollar Index{updated end of week}

    • Performance[FOMC left rates unchanged but did lower growth forecasts. Is the FED done hiking for 2016? The apparent dovish shift initially sent the US dollar lower but the lack of follow through to global, especially emerging, markets gave rise to a severe bout of risk aversion that sent investors scurrying back to the perceived safety of more developed and established currencies. BOJ stood pat, hardly unexpected given the upcoming BREXIT vote, which sent the YEN plummeting through the key support level at 105.5 before bottoming out at 103.54, the lowest level since August 2014. Markets are expected to be extremely jittery ahead of the EU referendum vote which is still scheduled for June 23 despite the tragic death of British MP Ms. Jo Cox. Aussie & Kiwi surge initially, the latter on stronger GDP release, before reversing on deteriorating risk sentiment. Oil retreats and tests dynamic support after unexpected inventory rise signals weaker demand.]
    FX Weekly Performance (Strongest to Weakest)
    Strongest Weakest
    Market Best - Last Week Worst - Last Week Best - Last 2 Weeks Worst - Last 2 Weeks
    Equity India Hong Kong USA Japan
    Commodity Natural Gas Heating Oil Natural Gas US Crude Oil (WTI)
    • Pivot Points & Fibonacci Retracement Levels - Weekly
      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)
    • Chart(s) of Interest - Weekly [EURUSD, USDJPY, AUDUSD, Dollar Index](click to enlarge)
      1. EURUSD
      2. USDJPY
      3. AUDUSD
      4. Dollar Index
    • Global Stock Indices, Commodities & USD -vs- Majors - Weekly(click to enlarge)

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