Peter Mathers
TradingLounge
#AustralianStockMarket Elliott Wave Analysis Trading Levels ASX 200 Index (XJO), Forex AUDUSD, US Dollar DXY, Commonwealth Bank CBA, BHP Group (BHP), Rio Tinto (RIO), Fortescue Metals Group (FMG), Newcrest Mining NCM, Australian 2 Yr Government Bonds Yield. Technical Analysis Trading Strategies.
ASX200 Market Summary Elliott Wave (ii) of v).
ASX200 Trading Strategy: Looking for short trade set up, see video.
Today I also take a quick look at Australian Lithium stocks in the bigger picture…
Video Chapters:
00:00 ASX200 (XJO).
14:11 Commonwealth Bank CBA.
15:43 Iron Ore Copper BHP RIO FMG / Lithium Stocks.
26:26 Newcrest Mining NCM / US GOLD/ GDX.
27:50 AUDUSD / DXY US Dollar.
29:26 Thanks for watching!
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EUR/USD has preserved its bullish momentum and climbed to its highest level in three months above 1.1300. The safe-haven US Dollar resumes its post-CPI downside as risk flows continue to dominate the financial markets ahead of the weekend.
GBPUSD has extended its rally and advanced toward 1.1800 in the second half of the day on Friday. The broad-based US Dollar weakness, as reflected by a 1% decline in the US Dollar Index, amid improving market mood helps the pair stretch higher.
Gold continues to push higher and trades above $1,760 for the first time in nearly three months on Friday. The US Dollar stays under heavy bearish pressure as investors cheer the soft US inflation report and heightened optimism about Chine easing coronavirus restrictions.
The embattled FTX exchange has reportedly filed for bankruptcy. FTX has been in the spotlight this week following allegations of mismanagement of funds. FTX, the West Realm Shires Services and Alameda Research, including 130 affiliated firms have started proceedings under chapter 11 of the bankruptcy law.
A surprise drop in both headline and core inflation in the US sent stocks surging while the Dollar slid anew against its rivals. Optimism that the Fed could shift to softer interest rate hikes over the next months pushed the Dollar lower.
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