Monday, 31 October 2011

ASX 200, S&P 500 & EUR/USD rebound lower

The big news of the day was the intervention by the Japanese central bank, which sent the Yen lower against the USD, and more significantly, helped send the USD up against most other tradeable items (ie. stocks, precious metals, commodities, other currencies)

The Undollar slump has seen the ASX 200, S&P 500, and EUR/USD rebound lower from significant daily chart trend lines.

ASX 200 *

  * the ASX 200 briefly traded above 4400 last Friday, I don't know why this is not showing on the chart.

S&P 500