Tag: asx 200 index

Trading insights on share trading, forex trading, cfd trading and options trading. Powerful insights from our Wealth Advisers at PhillipCapital Australia.

Australian and US Market Commentary

Australian Market (XJO) Daily – 5351.6 – 23.10.15. For the second week in a row Monday was an inside day, but this time forming a Doji.  It was Tuesday that confirmed a down day and the potential third top of the Triple Top mentioned last week.  Wednesday was another down day, retracing more than 75% of the small previous up range (but not going below 5164) before closing above the open but down from the high of the day and looking like a reversal.  

Read more about Australian and US Market Commentary

Australian Market XJO - Commentary

Australian Market ASX XJO. We made a low on Monday (4973.4) before rallying hard for two days, reaching 5221.1 and gaining 247.7 points or 5.0%.  I have spoken in previous reports about expecting volatility in our market, and this is a perfect example of that.  If this wasn’t enough to convince you about expecting volatility in our market, we then fell for the next two days, dropping 167.4 points or 3.2% to round out the week.   That’s a move of 8.2% up and back for the week from Monday’s low. 

Read more about Australian Market XJO - Commentary

Why Choose PhillipCapital?

Expert, Quality Advice

Professional, fully accredited and friendly advisors can help tailor the perfect solution to your needs.

Global Strength and Size

Established in Singapore in 1975, PhillipCapital operates across 16 countries, has over 1 million clients and manages over USD 28 billion assets under management and custody worldwide. You know your investments are safe with us.

Gateway to Americas, Asia and Europe

Expand your investment universe outside of Austraila and reach across the globe. PhillipCapital has access to exchanges across the world.

Speak to an Advisor

Phone Request a Callback:

Phone Toll Free: 1800 214 264

Phone International: +61 3 8633 9800

Website search

Search the PhillipCapital website here.

Request Callback

Fill in the below information and a PhillipCapital representative will call you back as soon as possible.