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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)


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