Tag: asx xjo
Trading insights on share trading, forex trading, cfd trading and options trading. Powerful insights from our Wealth Advisers at PhillipCapital Australia.
If Santa Claus is coming to the market this year we will know this week, as this is make or break week. This week also sees a number of other important events taking place. The first being the FED and the long expected first interest rate rise in years (16th at 2.00pm EST in the US) followed by option expiry for the local index (XJO) and stocks, both on the same day, this Thursday 17th. We have XJO expiry with the opening match and then stock expiry with the closing match, so expect to see some volatility on the back of this, especially since it follows the FED decision only hours before. Then the US has its own Triple Witching expiry on Friday and it’s one of the biggest for the year. For more on this please find attached this week’s Market Commentary looking at the Australian and US markets.
Friday the 13th is known to be an unlucky day and if you were long the market then it was an unlucky day. This ties in with what the markets did over the last week, with the US markets playing catch up (down) with our local market. BHP was a stand out last week, so I have included it in this week’s market commentary along with why, at times, markets move stocks, as compared to stocks moving markets.
Read more about Australian Share Market Today - XJO Commentary 16 Nov 15
Australian Market (XJO) Daily – 5239.4 – 30.10.15. Monday was an up day, reaching just 10 points higher than Friday before closing just below the open and forming a Doji. Doji’s are a sign of indecision and potential reversals (that is if they are in the correct position in a trend, such as at the end of it). This was confirmed on Tuesday, which was a down day.
Read more about ASX XJO Commentary 02-11-2015 - Australian Share Market News
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