Wall Street extends decline
Wall Street extended its decline to a fourth day on continued weakness for Apple, while Brexit headlines also introduced uncertainty. Oil managed its first positive day in thirteen days. Australia added the most full-time jobs since February last month.
US30USD Daily Chart
The US30 index fell for a fourth straight day yesterday with continued weakness in the tech sector
The index has yet failed to penetrate the 61.8% Fibonacci retracement support level of the Oct29 to Nov8 rally at 24,900
US October CPI data was bang in line with expectations. Today we see retail sales, which are expected to rebound to +0.5% m/m following a 0.1% decline in September.
DE30EUR Daily Chart
The Germany30 index was steady yesterday, unfazed by Brexit deal news as there still remain a lot of uncertainties
The 55-day moving average at 11,863 would act as the first upward resistance point
EU says it has received Italy’s official budget plan for 2019. Will respond on November 21.
AU200AUD Weekly Chart
The Australia200 index is hovering near lows of the month, showing little response to a very strong jobs report for October
The 200-week moving average at 5,644 supported prices at the last test, and may do so again this time
Australia added net 32,800 jobs in October, with an increase of 42,300 full-time jobs and a loss of 9,500 part-time ones. That’s the biggest full-time jobs addition since February.
