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Gold , ASX 200 Analysis: Morning brief - 29th May 2023

Wall Street posted a strong rally on Friday on reports that the debt ceiling is on track to be raised, yet gold managed to hold above key support levels and sits at a potential inflection point.

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May 28, 2023 11:53 PM
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The ASX rallies, Nasdaq ponders a breakout as sentiment perks up

With sentiment having improved, a soft inflation report form the US tomorrow could potentially support a breakout for Wall Street indices and extend a rally for the ASX 200.

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China’s producer prices deflate, ASX 200 squares up to resistance

China enjoys some deflation – something the West can only dream above for now. And the ASX is on track for a 4th day higher, but resistance is capping further gain.

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November 9, 2022 03:14 AM

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Research

The RBA hiked by 25bp – but Governor Lowe slips in an inflation upgrade

The RBA hiked their overnight cash rate by 25bp to 2.85% - its highest level since 2013. But inflation forecasts were also upgraded.

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November 1, 2022 05:18 AM
Research

The RBA hiked by 25bp – but Governor Lowe slips in an inflation upgrade

The RBA hiked their overnight cash rate by 25bp to 2.85% - its highest level since 2013. But inflation forecasts were also upgraded.

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November 1, 2022 05:18 AM
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The ASX 200 jumps out of the gate, but can it make the next hurdle?

The ASX has been swept higher with Wall Street’s short-covering rally and snapped its 5-day decline. But does that make it a bullish move?

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October 14, 2022 02:49 AM
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The ASX 200 jumps out of the gate, but can it make the next hurdle?

The ASX has been swept higher with Wall Street’s short-covering rally and snapped its 5-day decline. But does that make it a bullish move?

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October 14, 2022 02:49 AM
Australian flag

The RBA hikes by 25pb – not the 50bp expected, ASX rallies

The RBA delivered their sixth consecutive hike today, although at a slower pace than the consensus had pencilled in.

Australian flag

The RBA hikes by 25pb – not the 50bp expected, ASX rallies

The RBA delivered their sixth consecutive hike today, although at a slower pace than the consensus had pencilled in.

Australian flag

ASX200 Afternoon Report June 28th 2022

The ASX200 is on track to lock in a fourth straight day of gains, trading 36 points higher at 6742 at 3.00 pm Sydney time.

June 28, 2022 06:11 AM
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Asian Open: Jerome Powell reconfirmed, Russia threatens Finland

More of the same with the Fed as Jerome Powell is confirmed for a second term. The yen rallied on geopolitical concerns as Russia threatened Finland over joining NATO.

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May 13, 2022 12:05 AM
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Asian Open: US CPI didn’t provide the clear outcome traders hoped for

There was a lot of expectation that CPI would soften enough to provide confidence that inflation had peaked. Those expectations were not fulfilled.

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May 11, 2022 11:34 PM
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Asian Open: USD holds firm ahead of CPI, ASX set to mean revert?

There comes a point where bears overplay their hand. And yesterday’s rebound above 7,000 following a strong move lower on the ASX suggests they may be losing their grip.

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May 10, 2022 11:29 PM
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Asian Open: Brace yourselves, it’s another sea of red on Wall Street

Investors continued to adopt simple strategy of ‘if it moves, sell it’ overnight, seeing equities bonds and commodities move broadly lower.

Asian Open: The ASX 200 rolls over from its 200-day average

The ASX 200 starts the week on the back foot following its worst session in 10-weeks on Friday, which saw it roll over from its 200-day MA and break trend support.

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May 8, 2022 11:01 PM

Asian Open: Keep an eye on AUD/JPY with sentiment on the back ropes

It was a volatile session for investors overnight which saw US indices trade sharply lower, with AUD/JPY showing the potential for a swing high.

Asian Open: 1880 could be pivotal for gold

Markets are hesitant to break key levels with the FOMC meeting fast approaching, yet gold has presented a clear line in the sand for opportunities over the near-term.

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Gold nuggets

Asian Open: Tech stocks leads Wall Street lower, Gold reclaims 1900

The Nasdaq fell nearly -4% yesterday during its worst session since September 2020, yet gold held key support and reclaimed the 1900 handle (just).

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April 27, 2022 12:06 AM
Gold nuggets

Asian Open: Dollar index hits 25-month high, gold below 1900

It was another rough day for commodities and commodity currencies which buckled under the pressure of a strong dollar, due to global growth concerns and a hawkish Fed.

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April 25, 2022 11:37 PM
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Asian Open: Wall Street stumbles as Powel confirms 50bps Fed hike in May

The Fed Chair himself, Jerome Powell, has finally confirmed what markets were supposedly expecting anyway with a 50-bps hike.

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April 22, 2022 12:42 AM

Asian Open: Eye-watering CPI data for Canada raises odds of a 75-100 bps hike

Canada’s inflation metrics rise across the board and beat estimates by a wide enough margin to increase the odds of some serious hiking by the BOC in June.

Gold nuggets

Asian Open: IMF slash global growth forecasts, gold enters correction

Citing Western sanction on Russia and ‘higher for longer inflation”, the IMF cut global growth by -0.8 percentage points for 2022.

Federal reserve building

Asian Open: The Fed’s Bullard calls for rates to be at 3.5% by year end

The US dollar was broadly higher overnight as the Fed’s Bullard laid out a path for 50-bos hikes at each remaining Fed meeting this year.