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Need 4 Speed - ASX Report - 26/09/22

ASX trading

G'day folks and welcome to another trading day with your friendly, neighbourhood CMC Market Analyst! 

For real-time up-to-date data/news/research/ideas/strategies, check out our insights panel on the CMC Markets NextGen platform and follow us on Twitter: 

Azeem Sheriff -  
CMC Markets - 

Trading Idea of the Day

NYSE:PNN - Pinduoduo Inc - BULLISH BIAS

  • Key levels on the chart - consider taking trades from key support/resistance levels
  • Pinduoduo’s recent venture into fresh produce, Duo Duo Grocery, has been instrumental in helping alleviate recent concerns over food security by introducing a supply and demand model that can match local shoppers with local produce suppliers in under 24 hours.
  • The company is pioneering what it calls a feed-based shopping experience where users are presented with a social media-like feed where they can discover products they may not have known they wanted.

ASX & Economic Key Events

ASX Key Events Calendar (TODAY)

Economic Key Events (TODAY)

Economic Key Events (YESTERDAY)

OPTO For Investors Research

Article of the Day: Delisting risks ease for Alibaba, JD.com and Pinduoduo shares
Podcast of the Day: OPTO Sessions Inside Callum Thomas’ Topdown Charts analysis process 

APAC Daily Report

Market Snapshot & Highlights as of 7am AEST

EXPECTATIONS: Energy LOWER (lower oil/nat gas) & Materials LOWER on falling commodity prices.

Global Markets Headlines

(All news & data sourced from AFR / The Australian / Bloomberg / Reuters / CNBC / Wall Street Journal / Morningstar / OPTO / Trading Economics)


Disclaimer: CMC Markets is an order execution-only service. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.

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