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Need 4 Speed - ASX Report - 23/09/22

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 - @Azeem__Sheriff 
CMC Markets - @CMCMarketsAUSNZ

Trading Idea of the Day

ASX:WOW - Woolworths Group - BULLISH BIAS

  • Key levels on the chart - consider taking trades from key support/resistance levels
  • Woolies falls under the Consumer Staples sector which is generally a defensive stock and therefore resistant to economic cycles including any upcoming recessions
  • Woolies can maintain their profit margins and pass on their costs to customers which provides protection for their bottom line.

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: Ray Dalio’s Bridgewater Associates goes short on Euro Stoxx 50 stocks
Podcast of the Day: Investment manager Michael Gayed warns of a sovereign debt crisis 

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 mixed (higher oil / lower nat gas) & Materials mixed but likely lower.

Global Markets Headlines

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


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