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Need 4 Speed - ASX Report - 20/09/22

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 -  
CMC Markets - 

Trading Idea of the Day

NYSE:F - Ford Motor Group - BULLISH BIAS

  • Key levels on the chart - consider taking trades from key support/resistance levels
  • Bank of America forecasts that Ford will outpace Tesla in sales by 2025, with its plans to have 7 new EV models by 2026, providing consumers with purchasing power, flexibility and utility amongst other EV producers.
  • Given Ford's dominance in the motor vehicle space and real estate for showrooms, we could see their EVs dominating the scene in all showrooms at a faster pace which will secure market share for new consumers entering the market.

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ASX & Economic Key Events

ASX Key Events Calendar (TODAY)
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Economic Key Events (TODAY)
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Economic Key Events (YESTERDAY)
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APAC Daily Report

Market Snapshot & Highlights as of 7am AEST

EXPECTATIONS: Energy FLAT (flat crude) & Materials MIXED.

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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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