Gold eyes record high, ASX probes resistance: Asian Open
Gold took full advantage of lower yields on Friday to accelerate into its record high, leaving the question as to whether it can break above this key milestone or present us with a desirable pullback first. The ASX 200 is also considering a break above its 200-day MA.
AUD/USD, ASX 200 continue to go their separate ways: Asian Open
Two milestones were set on Monday for two key Australian markets, which saw AUD/USD close above its 200-day average for the first time in four months and the ASX 200 close below 7,000.
US dollar set to bounce? Crude oil bulls eye $80, ASX 200 bears eye 6950
The US dollar held a key support level on Thursday, which could provide the platform for a bounce today if all goes well. Crude oil continues to hint at its own potential bounce, whilst the ASX 200 appears to have formed a swing high on the daily chart.
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Gold rose 10pct in 10 days, ASX 200 clings to support: Asian Open
Gold’s rally has been nothing short of impressive. But the fact its 10% rise stalled below $2000 with a bearish reversal candle on Friday suggest it may need to take a breather. Meanwhile, the ASX 200 clings to an important support level, which could open up a run for 6700 is broken.
Gold, ASX 200 analysis: Asian Open – 10/10/2023
Gold enjoyed its best day in five months as it sucked in safe-haven flows, and we see the potential for further gains from here (over the neat-term, at least). The ASX rallied for a third day, but how it reacts around 7,000 today could dictate sentiment for the week.
AirTrunk IPO: Everything you need to know about AirTrunk
AirTrunk is one of the largest hyperscale data centre developers in Asia-Pacific. Based in Australia, the company is exploring a listing on the ASX that could value them at AU$10 billion.
AUD/USD support caves as USD melt up continues: Asian Open 28/09/23
AUD/USD fell to its lowest level since November on Wednesday as it buckled under the strain of a stronger US dollar and yields. With key support levels showing the potential to act as resistance, a move down to 63c could now be on the cards.
ASX 200 analysis: Like it or not, it’s holding above 7k post CPI
The ASX 200 has continued to show resilience around the key 7,000 support level, despite the surge on bond yields, negative sentiment and rising inflation. What if sentiment improves?
WTI crude oil, ASX 200 analysis: Asian Open – 26/09/2023
Price action remains choppy on WTI crude oil's daily timeframe, which further backs up the case that last week's bearish reversal candle marked the beginning of a correction. The question now is how deep can it retrace before dip buyers seek to return in force? The ASX 200 has shown tentative signs of stability above 7,000, but given the bearish breakdown seen last week we prefer to seek bearish setups around resistance levels.
Nasdaq, Nikkei, ASX: Breaking down as the ‘bondcano’ erupts
After threatening for weeks to generate a sizeable volatility event, the combination of higher bond yields and US dollar looks to have delivered.
AUD/USD, ASX 200 headwinds to persist with ‘higher for longer’ Fed rates: Asian Open
At the most basic level the Fed delivered what was expected; another policy pause with the potential for further hikes. The opening paragraph tipped noted an economy which is “expanding at a solid pace” with a slower but “strong” job growth and elevated inflation. There’s nothing remotely dovish there. And then we look at the numbers…
ASX 200: pivotal week looms for Australia’s benchmark stock index
An uneventful year for the ASX 200 could be about to get a lot more exciting with the index perilously close to breaking long-run uptrend support dating back to the start of the coronavirus pandemic.
Gold bulls reclaim key levels, ASX 200 pulls back to support: Asian Open
Gold provided a false break and recovery bac above its 200-day EMA last week, and Monday's trade saw gold find support back above its 200-day MA. The ASX 200 handed back around half of Friday's gains, although there's a reasonable chance it might be able to find support around 7200 given the 200-day EMA resides in the area.
AUD/USD: Australia’s jobs report has few implications for RBA despite jobs surge
Australia’s August labour force survey had something for both AUD/USD bulls and bears, but in the end the detail does not meaningfully change the outlook for interest rates.
ASX 200: Bearish technical signals point to growing downside risks
Bearish technical signals are mounting for Australian equities, pointing to the potential for additional downside beyond that already seen.
AUD/USD: China sentiment in the driving seat as RBA settles in for extended pause
With the RBA on the sidelines, it means external factors will continue to drive movements in the AUD, ASX 200 and Australian bond futures for the foreseeable future.
AUD/USD, ASX 200: growing risk of RBA turning neutral on interest rates
A playbook on how the AUD/USD, ASX 200 and Australian bonds should the RBA signal an end to rate hikes.
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USD/JPY perks up, ASX 200 slides ahead of Jackson Hole: Asian Open – 25/08/2023
The US dollar was broadly higher alongside US yields ahead of Powell’s Jackson Hole speech. ASX 200 futures tracked Wall Street lower and USD/JPY regained its footing.
AUD/USD and gold bears get squeezed on weak US PMIs: Asian Open 24/08/2023
Flash PMIs dominated sentiment across the European and US sessions with downside disappointments. The US dollar index (DXY) topped just below 104 and closed back beneath the July high, hinting at a false break ahead of Jerome Powell’s Jackson Hole speech tomorrow. And this saw EUR/USD rebound from 1.08 and AUD/USD and gold bears continue to cover shorts.
Iron ore rally faces its next big test
Iron ore has been rallying hard but will stimulus speculation end in sorrow?
Hang Seng downside break eyes retest of 2022 lows
Hong Kong’s Hang Seng is arguably the ugliest index chart in the world right now, for good reason.
ASX 200: higher bond yields generating valuation headwinds
Australian stocks don't look particularly cheap, adding to downside risks from earnings disappointments.
USD/JPY bulls eye fresh highs: Asian Open – 22nd August 2023
USD/JPY bulls seem intent on goading the MOF and BOJ into verbal or actual intervention, as the market rises back to last week's multi-month high with rising yields supporting the move. The question now is whether we'll hear an increase of comments from officials if or when we break above last week's high. For now, USD/JPY looks as though it at least wants to retest it.