| Weekly Trend: | Down |
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| Daily Trend: | Down |
|
| Daily Momentum: | ___ | Down |
The Australian Dollar has seen further upside after a strong previous session and has returned to parity after last week’s sell off – at 1.0022 at time of writing. US futures are also showing gains in night trading – the Dow Jones Futures currently up 77 points. Our market quickly erased early losses and experienced choppy trading during the afternoon. The XJO closed up 16.4 points or 0.4% after a pretty subdued day. The Information Technology and Gold sectors were the biggest gainers – up 1 and 1.6% respectively. Weakness was seen in the Industrials, Consumer Discretionary and Consumer Staples sectors. Volumes were down today on the last few sessions. Libya and Japan remain the big news events at the moment. Japan’s market was, however, closed for a public holiday today.







Mon, Mar 21, 2011
ASX Commentary