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Need 4 Speed - Pre Market ASX Report - 16/09/22

ASX Market Board

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 & @CMCMarketsAUSNZ

Content Summary

  • ASX & Economic Key Events
  • Trading Idea of the Day
  • APAC Daily Report
  • Market Snapshot & Highlights
  • Global Markets Headlines
     

ASX & Economic Key Events

ASX Key Events Calendar (TODAY)

Economic Key Events (TODAY)

Economic Key Events (YESTERDAY)

Trading Idea of the Day

ASX: ALD - Ampol Ltd

  • BULLISH BIAS
  • Key levels on the chart - consider taking trades from key support/resistance levels
  • With soaring energy prices due to increasing global demand, Australia may be in a position to export its energy products to the likes of Europe which will boost the local economy and production, driving energy stocks higher over the coming few months.
  • >50% of investors incl traders/economists/hedge funds/fund managers etc highlighted in a Bloomberg survey that they will be increasing their portfolio exposure to Energy over the coming 6 months.

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APAC Daily Report

Click here to access our daily APAC report, prepared by my fellow market analyst @TinaTeng_CMC

Market Snapshot & Highlights as of 7am AEST

EXPECTATIONS: Energy DOWN (lower WTI) & Materials DOWN on the back of lower base metal prices and a slightly higher USD

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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 execution-only service provider. 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.