• Index and Commodities Trading Week Beginning 31/07/2023

    Index and Commodities Trading Week Beginning 31/07/2023

    • July 30, 2023

    XJO WEEKLY Price structure: Strong Bullish breakout, with Primary UP trend remaining in place. The current trendline has now been readjusted to reflect this significant reversal point. Last week’s reversal emanating from the 7370 mid-point level is a positive development for a continuing breakout towards Weekly resistance shown at 7565 points. Major support in this

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  • Index and Commodities Trading Week Beginning 17/07/2023

    Index and Commodities Trading Week Beginning 17/07/2023

    • July 16, 2023

    The Australian markets have staged a dramatic turnaround from again testing the 7000 point support level. This current rally has extended across all sectors with support from increasing commodity prices and improving investor sentiment with the outlook for interest rates potentially turning dovish. Silver and Gold look to be at the onset of a new

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  • Index and Commodities Trading Week Beginning 10/07/2023

    Index and Commodities Trading Week Beginning 10/07/2023

    • July 9, 2023

    A tough week for Australian equities with a strong sentiment change around the central banks’ interest rate policy. Markets reacted to the downside as global Central banks remained hawkish on strong job numbers. The Australian RBA has also kept a strong commitment to 1 or 2 rate rises before the end of 2023. Buyers stepped

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  • Index and Commodities Trading Week Beginning 26/06/2023

    Index and Commodities Trading Week Beginning 26/06/2023

    • June 25, 2023

    Last week the Energy sector weighed down the XJO Index, losing 4.4% as the larger energy plays lost ground on the declining Oil price. Global recession has again come to the top of investors concerns as central banks have indicated the increase in underlying cash rates has not ended with one or two rate rises

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  • Index and Commodities Trading Week Beginning 12/06/2023

    Index and Commodities Trading Week Beginning 12/06/2023

    • June 11, 2023

    Market technician’s view of charts that affect equities: China’s inflation remained close to zero in May, traders concerns remain on a falling spiral in prices and prompting the central bank to come out to downplay worries on the economic outlook. This uncertainty may keep markets subdued until the outlook is clarified against the current backdrop of rising interest

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  • Index and Commodities Trading Week Beginning 05/06/2023

    Index and Commodities Trading Week Beginning 05/06/2023

    • June 4, 2023

    Market technician’s view of charts that affect equities: With an agreement now in place on the US debt limit, Further concerns still remain around the US regional banks and the potential for failure as many remain on a high watch alert by the FDIC authorities. The underlying driver for higher prices remains the developing Artificial

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  • Index and Commodities trading week beginning 29/05/2023

    Index and Commodities trading week beginning 29/05/2023

    • May 28, 2023

    Market technician’s view of charts that affect equities: With an agreement now placed on the US debt limit going into this week, the challenge for traders will be ascertaining if this is already priced. This week, the Australian Index set a bullish key reversal pattern last Friday. Further concerns still remain around the US regional

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  • Index and Commodities trading week beginning 22/05/2023

    Index and Commodities trading week beginning 22/05/2023

    • May 21, 2023

    Market technician’s view of charts that effect equities: Continuing to overshadow the Australian market, traders are keeping an eye on Washington as concerns around debt ceiling negotiations have come close to a resolution, the risk of an historic default event in the first 2 weeks of June remains. However the markets last week traded as if an agreement

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  • Index and Commodities trading week beginning 15/05/2023

    Index and Commodities trading week beginning 15/05/2023

    • May 14, 2023

    Market technician’s view of charts that effect equities: Overshadowing the Australian markets traders are keeping an eye on Washington as concerns around debt ceiling negotiations have failed to bring any resolution or give insight to a possible outcome with the risk of an historic default event in the first 2 weeks of June. Coupled with weaker-than-expected wholesale

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  • Index and Commodities trading week beginning 08/05/2023

    Index and Commodities trading week beginning 08/05/2023

    • May 7, 2023

    Market technician’s view of charts that effect Equities US reporting has resulted in 3 key events last week: 1. Strong earnings from Apple with a focus on sales in India. 2. The sale of First Republic Bank to JP Morgan Chase alleviating some concerns about further bank runs. 3. A Strong Non-Farm payroll report keeping the unemployment rate

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  • Index and Commodities trading week beginning 01/05/2023

    Index and Commodities trading week beginning 01/05/2023

    • April 30, 2023

    Market technician’s view of charts that affect Equities. Consideration for equity traders this week, the Federal Deposit Insurance Corporation (FDIC) is preparing to place First Republic Bank into receivership; this may drag on sentiment in the Australian market as the “Sell in May” phenomenon has the potential to play out. The U.S. debt ceiling crisis

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  • Index and Commodities trading week beginning 24/04/2023

    Index and Commodities trading week beginning 24/04/2023

    • April 23, 2023

    Market technician’s view of charts that affect Equities. Consideration for equity traders this week remains the results of the US reporting season, these results have an impact on market sentiment over the coming weeks. Following the completion of the Australian reporting season, Australian equities will endure the risk of re-rating from analysts as the forward

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