Looks like the next international index that is ready to rally is the Australian 200.
It seems like the American presidency is having a domino effect which is resonating with down under including the following:
📉 Tariff Truce Sparks Global Optimism
A 90-day pause and significant reduction in U.S.-China tariffs have alleviated trade war fears, boosting investor confidence worldwide.
📈 Wall Street Surge Sets Positive Tone
Major U.S. indices, including the S&P 500 and Nasdaq, have rallied on trade deal hopes, providing a strong lead for the ASX.
Market Index
🛢️ Commodity Prices Climb with Trade Hopes
Anticipation of increased demand from China has driven up iron ore and oil prices, benefiting Australia's resource-heavy market.
💰 Australia Attracts Global Investors
With a stable economy and low exposure to U.S. tariffs, Australia is becoming a preferred destination for investors seeking alternatives to U.S. markets.
Reuters
And technically, we have the text book Cup and Handle showing upside to come.
Cup and Handle
Price> 20 and 200MA
Target 9,163
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
It seems like the American presidency is having a domino effect which is resonating with down under including the following:
📉 Tariff Truce Sparks Global Optimism
A 90-day pause and significant reduction in U.S.-China tariffs have alleviated trade war fears, boosting investor confidence worldwide.
📈 Wall Street Surge Sets Positive Tone
Major U.S. indices, including the S&P 500 and Nasdaq, have rallied on trade deal hopes, providing a strong lead for the ASX.
Market Index
🛢️ Commodity Prices Climb with Trade Hopes
Anticipation of increased demand from China has driven up iron ore and oil prices, benefiting Australia's resource-heavy market.
💰 Australia Attracts Global Investors
With a stable economy and low exposure to U.S. tariffs, Australia is becoming a preferred destination for investors seeking alternatives to U.S. markets.
Reuters
And technically, we have the text book Cup and Handle showing upside to come.
Cup and Handle
Price> 20 and 200MA
Target 9,163
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.