Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

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.

(Click image to enlarge)

ASX & Economic Key Events

ASX Key Events Calendar (TODAY)
(Click image to enlarge)

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

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

APAC Daily Report

Market Snapshot & Highlights as of 7am AEST

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

(Click image to enlarge)
(Click image to enlarge)

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.