Need 4 Speed - Pre Market ASX Report - 13/09/22

G'day folks and welcome to another trading day with your friendly, neighbourhood 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:  & 

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)
(Click image to enlarge)

Economic Key Events (YESTERDAY)
(Click image to enlarge)

Trading Idea of the Day

FLT - Flight Centre Travel Group Ltd

• BULLISH BIAS
• Key levels on the chart - consider taking trades from key support/resistance levels
• As global travel demand picks up, expecting the travel industry to pick up significantly, especially after many countries open up borders and allow foreigners (eg Japan)
• Price is in a ranging motion, near strong support level so great risk to reward opportunity.

(Click image to enlarge)

APAC Daily Report

Market Snapshot & Highlights as of 7 AM AEST

EXPECTATIONS: Energy & Material sectors potentially UP on back of higher commodity prices
(Click image to enlarge)(Click image to enlarge)

Global Markets Headlines

• Goldman Sachs to kick off Wall Street layoff season with hundreds of job cuts this month (CNBC) 

• Peloton co-founders John Foley and Hisao Kushi are leaving the company in a broad executive shakeup (CNBC)

• Falling gas prices are raising hopes that inflation is slowing, New York Fed survey shows (CNBC)

• Quantitative tightening will be a market headwind that hasn’t been priced in, says Strategas’ Trennert (CNBC)

• Bitcoin tops $22,000, hitting its highest in nearly a month ahead of inflation data and Ethereum merge (CNBC)

• Fed is likely to pause by year-end, says Evercore’s Julian Emanuel (CNBC)
• Twitter Shareholders Are Poised to Approve Elon Musk Takeover Deal (WSJ)

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

Disclaimer: CMC Markets Singapore may provide or make available research analysis or reports prepared or issued by entities within the CMC Markets group of companies, located and regulated under the laws in a foreign jurisdictions, in accordance with regulation 32C of the Financial Advisers Regulations. Where such information is issued or promulgated to a person who is not an accredited investor, expert investor or institutional investor, CMC Markets Singapore accepts legal responsibility for the contents of the analysis or report, to the extent required by law. Recipients of such information who are resident in Singapore may contact CMC Markets Singapore on 1800 559 6000 for any matters arising from or in connection with the information.