Market Snapshot: Sideways Trading And Low Volumes
Matt Simpson | Mar 25, 2014 08:50AM ET
Overall very quiet during the G7 talks with sideways trading and low volumes.
h3FX: /h3
- USD/CNY continues to unwind, currently down 0.4% for the week. The leading index m/m came in at 0.9%, up from 0.3% last month.
- Swissy appreciated whilst G7 talks continued but overall the markets have been very flat leading up to London open.
INDICES: /h3
- S&P/ASX 200 opened at yeterday's high of 5303 but failed to keep hold of gains and sold off to 5250. A close around current levels would produced a 2nd consecutive Hanging Man candle
- Nikkei 225 Futures also reflected uncertainty with sideways trading
- Hang Seng held onto onto yesetday's gains and traded in a narrow, sideways range
- Mild gains were seen across Silver and Gold as they inched higher from their multi-week lows. Copper continued to trade sideways beneath $3 resistance
- WTI remains below 100 resistance, see today's post for a video analysis
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