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ASX

CXO LONG (ASX)Moved from a running flat to an expanding flat . Spot lithium prices have fallen 34% in the month of March, highlighting a slowdown in demand caused by contractionary monetary policy. The spillover effect onto major banks indicate a stronger possibility of further downside which may lead to a recession during summer (US). Downside is clearly linked with a number of macro factors including Fed induced banking crisis (SVB) and dropping lithium spot prices. Lithium stocks have dropped significantly in March 23 so will be expecting more corrective movement for now. The world is moving towards electrification and CXO is now a producer. My forecast is that CXO will exceed $2 in 12-18 months .
ASX:CXOLong
by Itachi239
1
$TIE Looking for a push above monthly open and acceptance. "Range low" has to hold for this trade to work out. Consolidation above monthly open is bullish signal for me to trade into Blue Box as target 1 and onto 2 Worry about target 2 if we hold the first Blue box. Yellow highlighter indicates liquidity and stops that have now been wiped out. Recent news catalyst "TIETTO MINERALS ( $TIE $TIE.ax ) has released " Tietto Ramps Up to Full Production at Abujar Gold Mine " on 20/3/2023 at 9:55 am AEST #Tech #Metals #Drilling"
T
by gillman_hugh
EUR/NZD Fundamental + Technical Macroeconomic Update | 3.14.23The Euro continued its upward momentum, trading above $1.07 and approaching its highest level since February 14th. This is in contrast to the two-month low of $1.05 it reached on March 8th, which was due to concerns about the US financial system following the collapse of SVB. Despite US authorities' efforts to limit the damage, investors are concerned that the Federal Reserve may adopt a more cautious approach and only deliver a 25 basis point hike at the March meeting, instead of the previously expected 50 basis point hike. This is because of the potential risk to global growth caused by the turmoil in the US banking sector. Investors are also awaiting the European Central Bank's policy statement on Thursday. Although the bank is expected to raise interest rates by another 50 basis points, there are concerns that it may adopt a more dovish tone due to ongoing risks to financial stability. The S&P/ASX 200 Index rebounded from over two-month lows, rising 0.8% to above 7,060 on Wednesday. The gains were led by technology and banking stocks, following a similar trend on Wall Street, as investors felt that the worst of the fallout from the collapse of Silicon Valley Bank and Signature Bank had passed. The US inflation report, which came in line with expectations, also calmed the market’s nerves, and investors are now betting on a smaller interest rate hike by the Federal Reserve next week. Although Australian consumer sentiment remained at historic lows in March due to concerns about inflation, interest rates, and the broader economy, business sentiment dropped to a three-month low in February. The Hang Seng Index soared by 346 points or 1.8% to 19,594 on Wednesday, recovering from a 2.3% plunge the day before. This plunge had seen the index hit its lowest in more than three months. Investors are optimistic that China's economic activity will strengthen after official data showed that industrial output, retail sales, and fixed-asset investment all grew during the first two months of the year. The People's Bank of China added more liquidity than expected while holding a key lending rate, adding to the positive sentiment. WTI crude futures rose above $72 per barrel, rebounding from three-month lows, as OPEC raised its forecast for Chinese oil demand growth in 2023. This is in light of the country’s exit from the zero-Covid policy. However, OPEC left its outlook for global demand unchanged, citing potential downside risks for global growth. The group said that it would stick to production cuts agreed in October until the end of the year, according to Saudi Arabia energy minister Prince Abdulaziz bin Salman. The US oil benchmark, however, remains down more than 5% this week due to the turmoil in the US banking sector, and the prospect of another interest rate hike from the Federal Reserve next week continues to weigh on sentiment. Investors are now looking ahead to the IEA’s monthly report and official data on US crude inventories on Wednesday. Soybean prices eased below $15 per bushel, moving further away from a seven-month high of $15.55 hit on February 13th. This is because of the expectation that supply will remain strong, boosted by large crops in Brazil. The country's soybean production is estimated to reach a historical 153 million metric tons (MMT) in 2022/23, unchanged from last month, and higher by 24 mmt (18 percent) from last season’s drought-affected crop. Meanwhile, concerns over Argentina's supplies will continue, as the country's soybean harvest forecasts have been cut several times over the past months after the South American nation fell into the grip of its worst drought in over 60 years. The USDA has slashed its projection for Argentine production to 33 million tons, down 20% from its February estimate and marking the smallest crop since 2009. Crush is also expected to hit the lowest level in over a decade. The Hang Seng soared 346 points or 1.8% to 19,594 around midday on Wednesday, mostly recovering from a plunge of 2.3% the day before that saw the index hit its lowest in more than 3-months, amid signs that China's economic activity strengthened during the first two months of the year, with official data showing that industrial output, retail sales, and fixed-asset investment all grew. Meantime, the PBoC today added more liquidity than expected while holding a key lending rate unchanged and stepping up financing support for private small firms. An upbeat session on Wall Street overnight also boosted sentiment, with traders trying to shake off bank woes in the US, while speculation grew that the Federal Reserve may go for a smaller rate hike when it meets next week. All sectors supported the upturn, with financials, tech, and consumers all gaining over 1%. Innovent Biologics climbed 9.8%, followed by Giant Biogene Hlds. (9.3%), Orient Express Intl. (8.4%), and Longfor Group (4.2%).
Long
by TayFx
ASX to stall at current swing high?ASX200 - 24h expiry - We look to Sell at 7373 (stop at 7409) Buying pressure from 7264 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to sell into rallies close to the 7380 level. Our profit targets will be 7283 and 7263 Resistance: 7320 / 7600 / 7870 Support: 7145 / 7000 / 6860 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:AU200AUDShort
by OANDA
ASX continues to move lower.ASX200 - 24h expiry - We look to Sell at 7221 (stop at 7245) We are trading at overbought extremes. A Doji style candle has been posted from the high. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. Further downside is expected although we prefer to sell into rallies close to the 7221 level. Our profit targets will be 7155 and 7000 Resistance: 7320 / 7600 / 7870 Support: 7145 / 7000 / 6860 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:AU200AUDShort
by OANDA
ASX 200 close to a swing low?The ASX 200 had a great start to the year, but has since seen prices pull back from tis YTD highs. Yet is we zoom out, the daily trend remains bullish overall, and prices during the recent decline appear to be corrective. It's pullback has also found support around a cluster of support levels including the 38.2% Fibonacci retracement, 50-dy EMA, monthly pivot point and 7300 round number. And as RSI recently reached oversold and has since formed a bullish divergence with price, we see the potential for a rally towards 7500. As US traders are set to return to their desks after the 3-day weekend, there is a reasonable chance of an 'up day' which could spill over to a positive start for the ASX tomorrow. Therefore, we're happy to enter the ASX long ahead of the close with a stop beneath this week's low, and initially target 7500.
ASX:XJOLong
by CityIndex
BetaAUS200 showing a strong buy signal to 143.00 but first...BETAAUS200 Formed a W Formation. We still need a strong break above the neckline before we see any potential upside. 7>21>200 RSI >50 Target 143.00 Bullish ABOUT: BetaAUS200 is a financial term that refers to the beta (a measure of volatility or risk) of the Australian Securities Exchange (ASX) 200 index. The ASX 200 index is a benchmark index that tracks the performance of the top 200 companies listed on the Australian Stock Exchange, based on market capitalization. The beta of the ASX 200 index represents the sensitivity of the index's returns to changes in the overall market. A beta of 1.0 means that the index's returns are perfectly correlated with the overall market. A beta of > 1.0 shows that the index is more volatile than the market as a whole, and a beta less than 1.0 indicates that Investors and analysts use beta as a tool to assess the risk of an investment and its potential returns. A higher beta indicates greater potential for returns, but also greater risk of losses, while a lower beta implies. In the case of BetaAUS200 asset it will seek to replicate the performance of the ASX 200 index. I believe this has the aim of providing investors with exposure to the Australian stock market. When you analyse a beta of such a product, investors can assess its risk relative to the broader market and make more informed investment decisions.
ASX:A200Long
by Timonrosso
AW ASX Analysis - How This Pattern Differs to the Dow Jones...A quick video to mention the slight difference between this pattern and the Dow Jones. Most people don't care about their portfolio oscillating within these moves. If you are trader or investor that likes to swing trade however, then this might be of interest to you. Don't forget to check out the Dow Jones version down below. Short Stop: 7656. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
FX:AUS200Short
by AriasWave
ASX to find buyers at market?ASX200 - 24h expiry - We look to Buy at 7490 (stop at 7455) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Price action looks to be forming a bottom. The medium term bias remains bullish. Preferred trade is to buy on dips. Further upside is expected although we prefer to buy into dips close to the 7490 level. Our profit targets will be 7585 and 7870 Resistance: 7590 / 7870 / 8325 Support: 7340 / 7140 / 6980 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:AU200AUDLong
by OANDA
1