Technical Analysis
Daily Summary – Living in shadowy fears of our own making
By Stock Market  •  October 29, 2014
From the market snapshot, both overnight S&P 500 and Russell 2000 index rallied, energy price recovered and US 10-year note price fell suggest risk-on appetite going on. According to Briefing.com, the sharp rebound off the mid-October low was predicted on the belief that the Federal Reserve will not rush to hike the fed funds rate after asset purchases under the QE program end. To that point, the FOMC is expected to announce its final 15 billion taper tomorrow while the accompanying policy statement will be scrutinized for clues concerning the expected rate path.
Germany’s DAC jumped, driven by a positive corporate updates and Europe stocks gain first time in three days.
For Wednesday session, mixed signals showed in Asia market. Money seem to be flowing out of (Australian) stock market and into the bond market. Weak commodities price and Reserve Bank of Australia to reduce interest ...
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By Stock Market
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