ASX

The ASX 200 rally faces a wall of resistance, and given the declining volumes on the futures market I suspect a pullback could be. The Hang Seng rally meanwhile looks like it may have more to give, assuming it can break above the March low.

Wall Street’s epic rally on Wednesday sparked a strong rebound across Australasian futures markets. The ASX 200 has recouped all of its losses despite being the most volatile week in five years, and Hang Seng futures rebounded from key support levels.

The ASX is set to snap its most bearish weekly streak in a year. While the cash index is set to open 17 points lower today, I still favour a retest (and potential break above 8,000) which should see SPI 200 futures also clear that hurdle.

We have two powerhouse central bank meetings lined up over the next 24 hours. While neither the BOJ or Fed are expected to change policy, the FOMC release their updated forecasts which will provide the first glimpse of their expectations of Trump's tariffs. Implied volatility for USD/JPY is, quite rightly, elevated.

The ASX 200 is seeing bullish signs of life after four weeks of heavy selling, and shows the potential to retest 8000 or even 8100. But given the bearish interest that saw prices plunge the prior four weeks, further losses appear likely after a corrective bounce plays out.

The ASX 200 has not been spared by the stock rout stemming from Wall Street, which currently sits at a 31-week low. But those looking to diversify away from the 'sell everything' theme which plagues Wall Street may want to check out the Hang Seng,

SPI futures are oversold, iron ore is climbing—could bulls finally push back? Key levels in focus.

The risk-off mood is punishing ASX 200 SPI futures and AUD/JPY, but as both eye deeper downside flushes, traders face a tough call—stay short or prepare for a squeeze?

The ASX 200 index is eyeing a record high. But with SPI 200 futures dragging its heels below resistance looms and the Fed unlikely to cut soon, an immediate breakout is not on my horizon. Even though an eventual breakout seems inevitable.

Cooling inflation pressures have reignited speculation of an RBA rate cut, marking a potential shift in Australia’s monetary policy landscape. AUD/USD tests key support as ASX 200 SPI futures eye record highs.

They may have come close to testing the limits of my bearish bias, but we finally saw momentum turn south for EUR/AUD and the ASX 200. However, with Wall Street indices looking steady above key support levels, a cheeky bounce could be due before the anticipated losses resume.