Healthcare (0.91%) was the strongest sector and Materials (-1.82%) was the weakest
8 out of the 11 sectors closed lower
63 (31.50%) stocks advanced, 129 (64.50%) stocks declined
64% of stocks closed above their 200-day average
52.5% of stocks closed above their 50-day average
40% of stocks closed above their 20-day average
Outperformers:
+ 5.41% - Zip Co Ltd (Z1P.AX)
+ 3.73% - JB Hi-Fi Ltd (JBH.AX)
Underperformers:
-6.10% - Unibail-Rodamco-Westfield SE (URW.AX)
Forex:
There were signs of a corrective bounce across currency markets too, although relative to US indices they appear relatively tame. The
British pound failed to get recover as traders remain wary of the UK lifting lockdown restrictions.
From the Weekly COT Report (Commitment of Traders)
From Tuesday 29
th July 2021:
Net-short exposure to the US dollar was reduced by -6.6 billion dollars accord to calculations from IMM, meaning 11.1 billion of short exposure has been reduced over the past two weeks.
Traders are their most bearish on Japanese yen futures since May 2019, with net-short exposure being increased by 16k contracts. Gross shorts were increased by 9.3k contracts and gross shorts reduced by 6.7k contracts.
Elsewhere, weekly volume changes were quite across FX majors.
Traders were bearish on AUD futures for a sixth consecutive week.
Gold futures traders had their lowest net-long exposure in two years.
SKRR Exploration Inc Receives TSXV Approval to Acquire Father Lake Nickel Property in Saskatchewan finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
-4.15% - Nickel Mines Ltd (NIC.AX)
Forex: Australia to ‘beef’ up exports to UK
The UK struck its first free trade deal with Australia yesterday, making it the first such deal to be made since leaving the EU. Australian beef is now expected to make its way over and help plug the gap left from European beef tariffs will be removed from all UK products exported, including cars, whiskey, biscuits and ceramics. The deal is expected to provide a small boost to the UK economy but, ultimately, is seen as a positive step in a post-Brexit world for Britain.
SKRR Exploration Inc Signs Definitive Agreement to Acquire Father Lake Nickel Claims in Saskatchewan finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.