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BOJ's decision drove the US future equities indexes up

Discussion in 'Current Market Sentiments' started by fx-recommends, Jan 29, 2016.

  1. fx-recommends

    fx-recommends Content Contributor

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    SP Mar . 16 Daily 29-01-2016 07-06-42 ص.jpg
    SP-MAR16 could be boosted during the Asian session by BOJ's decision to rise to 1902.75, while the risk appetite has been already boosted yesterday by retreating of US Initial Jobless Claims in the week ending on Jan. 22 to 278k and the consensus was referring to retreating to 282k from 293k in the week ending on Jan. 15, despite the shocking release of Dec durable goods orders which decreased by 5.1% monthly, while the consensus was referring to -0.6% only, after declining by 0.5% in November.

    SP-Mar16 daily RSI is reading now 41.028 in its neutral region coming from its oversold area below 30 and also its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line into the neutral region reading 57.480 and also its signal line which is reading now 64.886

    SP-Mar16 daily Parabolic SAR (step 0.02, maximum 0.2) is referring today to 1825.03 in its sixth day of being below the trading rate, after rising extension last Friday too reached 1902.


    Important levels: Daily SMA50 @ 1997.55, Daily SMA100 @ 2002.00 and Daily SMA200 @ 2037.23

    S&R:

    S1: 1851.25
    S2: 1836.25
    S3: 1804.25
    R1: 1909.75
    R2: 1927.25
    R3: 1946.25


    Have a good day

    Walid Salah El din
    Senior Market Analyst
    Skype : chief.economist.walid

    walid.s@trade-24.com
    Tel: UK. +44 1138590277
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    http://www.trade-24.com/daily-analysis

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