Australia 200

ASX 200 steadies after two days of losses, with futures supported by Wall Street gains and technical levels holding near key moving averages.

ASX 200 snaps winning streak as bearish signals emerge. Watch key support near 8100 and 8045 after the index's sharpest rally since November 2020.

ASX 200 and Dow Jones test key resistance after strong rallies. Bearish signals are building, with pullbacks likely as momentum shows signs of exhaustion.

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.

While the ASX shows the potential to dip further, I remain wary that we’ll see an immediate bearish follow through while Wall Street teases new record highs.

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.

Signs of fatigue have surfaced across several key markets which had otherwise began the week on a strong footing. And that could see gold and the ASX 200 retrace further from their cycle highs.

Tuesday looms as a potential make-or-break session for Australia’s ASX 200 with futures sitting at a key technical level on the charts ahead of the RBA interest rate decision. One saving grace may be the continued rebound in iron ore futures in Singapore.

Two very different indices, two similar trading setups. Will traders be willing to continue chasing record highs next week? The unconvincing price action to end the week warns of downside risks.

Despite lacklustre corporate earnings and rebound in US bond yields, the spectacular rally in AUD/USD and Australia’s ASX 200 only gathered pace in the second half of Thursday’s trading session, leaving both markets eyeing off potential topside breaks.

Australia’s labour market is undeniably slowing, bringing the prospect of the Reserve Bank of Australia (RBA) leapfrogging the US Federal Reserve when it comes to which central bank will cut interest rates first.