Weekly Report 9th March 2015:
Rate cuts and anticipated rate cuts are bit like QE, very stimulating for Equities, until an interest rate hike comes over the horizon.
A strong Jobs report leading to the likelihood of an Interest rate rise in the US.
9th / March /2015.
The weekly chart of the XJO.
Well finally! we have the reversal candle in place on Friday’s close.
The chart shows the first strong support level is 5667.
5720 was mentioned in the morning webinar a mid candle support.
The 6200 target remains.
The AUD USD is being pressured to find a new low after the strong Jobs report in the US.
The USD in the Weekly chart is heading to parity and pushing other currencies lower.
This weekly chart of the AUD shows the Down trend breakout from the recent consolidation.