The share markets of Australia saw a fall on Monday as the US dollar had recovered and impacted the commodity prices and the US stock index futures. These happened after the speech given by the Chairman of the Federal Reserve Mr. Ben Bernanke stating that more stimulus measures will be taken by the Fed to boost economic growth, but also added that the Federal Reserve will be cautious while moving ahead with these steps.

S&P/ ASX 200 benchmark went down by thirty seven decimal one points and closed zero decimal eight percent shy at four thousand six hundred and fifty one decimal nine after it went down as far as four thousand six hundred and thirty eight decimal seven.

In the beginning of the week trading volume of shares is relatively less. The charts showed that index has rebounded off the up trend line drawn from August twenty five. It had maintained its reverse head and shoulders pattern which pointed to target of five thousand twenty five decimal zero while the figure of four thousand five hundred and fifty nine decimal zero was supported strongly.

Four thousand seven hundred is supposedly the Fibonacci resistance point. These figures were given by the technical analysis of Dow Jones Newswires.

Market players are eagerly waiting for the industrial production data of the US which will be coming out late Monday. IBM, Apple Inc. and Citigroup will report their third quarter earnings on Monday, in the later part of the day.

As Google submitted a very strong third quarter results on Friday the technology sector saw a rise but the industrial sector stumbled with a devastating result produced by the General Electric in its third quarters. The financial institutions are still very much stressed by the crisis regarding foreclosures of mortgages. With The Us dollars gaining materials saw a loss and prices of commodities also lost their grounds.