Shorting the Australian stock market [Video] – FXStreet

Peter Mathers Peter Mathers

#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!

As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
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.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and omissions may occur. Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, clients or contributors, is provided as general market commentary and does not constitute investment advice. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.


Leave a Reply

Your email address will not be published. Required fields are marked *