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ASX200 Midday Wrap 29 Jan 2018.

Posted by Billy Macris on 29-Jan-2018 12:09:08

So at the midpoint of the day we find the local market recovering from session lows to be currently trading at 6071.90 +0.36 percent or 21.90 points. Three of the big four banks are trading higher with ANZ -0.24 percent being the exception and the news from the big end of town in the mining space is all a little mixed. BHP -0.32 percent, RIO +0.22 percent and FMG -1.37%. Other notable movers at midday include CSL +1.59 percent as it closes in on $150.00 per share  and COH +1.71 percent at $172.24. In other moves NST is lower by 5.19percent, RRL - 4.56 percent and SAR -3.31 % taking the mantle from RFG which is now currently lower by 2.99 percent.  ORE continues to push ahead +6.53 % followed by ILU +5.88 percent and LNK +3.57 percent so far today. Curreny markets remain relatively quiet so far today as bitcoin is trading at USd $11740.00. ORE Chart Attached.

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Topics: Market News, Bitcoin, ASX200 Midday Wrap

ASX200 A.M Wrap

Posted by Billy Macris on 25-Jan-2018 11:07:27

A mixed night in the U.S and weakness in the U.S dollar may now start to have the markets second guessing the strength of more upside as volatility picked up overnight.  The Dow turned an initial gain of 180+ points in to a loss of appximately 100 points before finishing the sesion higher by 41 points. The Nasdaq was the hardest hit after Texas Instruments (TXN) fell more than 8 percent for the session putting pressure on the technology space and in particular the semiconductor sector. The USD continued to see more downside pressure hitting a low below 89.00 in the front futures contract.  The losses for the U.S. Dollar were widespread as the Euro traded above 1.2400, the Yen traded under 109.00, the pound traded above 1.4250 and the AUD hit 0.8075 overnight. Gold broke out of recent ranges trading as high as USD $1362.00 per ounce and bitcoin has recovered to be trading at USD $11350 this morning. On the local market early weakness sees the ASX200 trading lower by 22.80 points or 0.38 percent at 6031.90. The big four banks again continue to trade mainly lower, strong commodity prices overnight have helped BHP +0.55%, RIO +0.08% and FMG +0.50 percent . Other notable movers  on the local market this morning include CAT +3.41 percent adding to strong gains from yesterday (chart attached), WSA +5.64%, WHC +3.40 percent and RSG +3.33 percent. 

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Topics: Bitcoin, ASX A.M Wrap

ASX200 Midday Wrap 22 January 2018

Posted by Billy Macris on 22-Jan-2018 13:26:22
The ASX200 has fallen into red territory late in the morning session with the main Index trading lower by 6.60 points or -0.11 percent at 5,999.20.  DHG continues to hold top spot with the biggest loss for the session currenltly lower by 10.99%. The negative news has had an impact on FXJ which is currently also lower by 5.90%. MYX continues to trade lower with losses to the tune of 5.03 percent this afternoon. Media stocks NEC + 7.38 percent and SWM +5.91percent have continued to remain positive for the session while WSA has also had a strong session currently trading +3.03 percent at $3.23. The Aussie Dollar is sitting just below USD $0.8000 at $0.7980 while the Yen is steady at 110.76, euro  1.2234 and GBP 1.3868 against the US Dollar. Spot gold remains unchanged at USd $1331.00 per ounce and bitcoin is trading at USd $11,400.00. markets will be waiting on further news out of the U.S. tonight to see if a deal can be reached with regard to the government funding. (NEC.AX hourly Chart Attached.)nec ax.png
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Topics: Market News, Bitcoin, ASX200 Midday Wrap

ASX200 PM Wrap 17 Jan 2018

Posted by Billy Macris on 17-Jan-2018 18:20:21
The ASX200 finished the day towards the low end of the trading range postiing a loss of 0.54% or -32.80 points to close at 6015.80. The banks all posted lossess , the big miners BHP -2.91%, RIO -3.46% and FMG -3.01% all weighed on the main index.  SRX remained the best performer on the day gaining 13.93%, followed by WTC +3.55% and A2M +2.43%.  The Aussie dollar came within a whisker of USD .8000 after hitting an intra day high of 0.7998 before falling back towards 0.7950. The Yen continues to trade below 111.00 at 110.80 and the Euro remains above 1.2200 at 1.2222. Spot gold has given back some minor gains pushing back towards USD $1333.90 per ounce while all eyes remained on the cryptocurrencies where bitcoin pushed towards USD $10,000 before recovering to be currently trading at $11355.rio ax.png
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Topics: Bitcoin, ASX PM update

ASX 200 A.M update

Posted by Billy Macris on 17-Jan-2018 10:54:04

Finally some volatility overnight with the Dow starting some 200 points higher then pushing to more than a 100 point loss overnight before finishing the session down just 10.33 points. Harder hit were the likes of the Dow Jones Transportation Index and the Russell 200 while the biggest mover overnight was bitcoin which pushed towards USD $10,000 overnight on talk of further crackdowns by China in the cryptocurrency space.  Other news surrounding the health of President Trump and potential U.S government shutdowns did little to help markets higher. Locally this morning the ASX is trading lower by 26.20 points or 0.43% at 6022.40. Main movers include BHP -2.91%, GXY -2.82%, ILU -2.68 and the woes contnue for RFG -2.67%. On the positive side of the ledger we have SRX +15.65%, FLT +2.48% and OZl +2.20% following from a strongs earnings announcement. The U.S. Dollar index continues to hold above 90.00, (only just), the Euro is trading at 1.2266 following on from comments out of Europe that the ECb may end its bond buying program later this yeat and the yen continues its push towards 110.00 currently trading at 110.32.

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Topics: Bitcoin, ASX A.M Wrap

ASX200 A.M Wrap

Posted by Billy Macris on 10-Jan-2018 10:50:45
The ASX 200 has opened slightly higher this morning failing to consolidate after several strong sessions out of the U.S. Higher bond yields in the U.S have given the financial a sector a boost and this morning among the better performers in the ASX200 are  PTM +4.17% and MFG +3.63%. A stronger crude oil price overnight sees BPT +2.51% while GXY +2.05% and LYC +2.68% continue their run higher.  JBH leads the charge lower with a decline of 2.67% followed by NST -2.57% and BSL -2.55%. The stronger U.S. Dollar overnight sees the AUDUSD back towards 0.7815 as gold pushes back towards USD $1310 per ounce and bitcoin is currently trading at USD $14425. Today's chart U.S 10 Year Treasury Note Futures.ZNc1.png
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Topics: Trading, Market News, Bitcoin

ASX200 P.M Wrap

Posted by Billy Macris on 08-Jan-2018 17:01:41
The ASX200 surrendered early gains to finish the session  higher by a modest 8.1 points or 0.13% at 6130.40 despite the strong lead from offshore markets Friday. Among the better performers on the day we saw VOC +3.82%, MND +3.43% and QAN +3.07%. At the other end of the spectrum SYR fell 2.69%, API finished lower by 2.67% and LYC closed the session down with a loss of 2.58% for the day. Currency markets have had a quiet start to the week with the AUDUSD currently trading at 0.7838 marginally lower from Friday's close while spot gold remains towards usd $1318 per ounce. Bitcoin continues to take a back seat to its competitiors currently lower by 4.02% at  USD $15900 as ethereum has pushed through USD $1000 and is currently trading at $1130.
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Topics: Trading, Market News, Bitcoin

ASX 200 P.M Wrap

Posted by Billy Macris on 05-Jan-2018 16:38:41
The ASX 200 finished at the top end of the days trading range closing higher by 0.74% or 45.20 points at 6,122.30.  It was the same list of suspects from the morning session GXY +4.22%, RWC +4.22%, ORE +3.86 % and FMG +3.48%. On the downside BGA -2.49%, WTC -2.42% and BKL -2.05% were among the poorer performers on the day. The AUDUSD has also had a quiet session closing the day at 0.7852 while spot gold XAUUSD is at $1321.50 USd per ounce.  Bitcoin is trading lower by approximately 1.90% at USD $14,900. Tonight the market will be watching for non farm payrolls in the U.S with expectations being a gain of 190K. FMG chart attached.
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Topics: Trading, Market News, Bitcoin

ASX 200 Midday Wrap

Posted by Billy Macris on 04-Jan-2018 12:14:00
The ASX 200 is currently +0.16% or +9.80 points at 6080.20 after a strong open following on from a positive lead in the U.S overnight whichsaw new highs posted and a strong move hgher in technology stocks.  Results locally so far are mixed this morning among  both the banks and big resource stocks with BHP +0.70% and RIO -0.35%. One of the headline grabbers from this morning was the news that  Australia's medicinal cannabis sector had won approval to begin exports. Key beneficiaries included THC +18.88% CAN +27.43% and CPH 15.58%. The Aussie Dollar is currently trading at 0.7819, spot gold is at  USD $1308.15 per ounce and bitcoin is at $15050 USD.
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Topics: Trading, Market News, Bitcoin

ASX200 A.M Wrap

Posted by Billy Macris on 03-Jan-2018 11:02:37
The ASX200 is currently +0.20% or +12.20 points ats 6073.50 following on from solid gains in U.S markets overnight with the NASDAQ finding a strong support on the first trading day of the year. Locally the materials and resource space continue to outperform the banks with commodity prices rallying as the U.S. Dollar continues to weaken. BHP is currently +2.19% while RIO is +1.97%  and FMG is +2.33%. the AUDUSD is holding at 0.7833, spot Gold XAUUSD continues to push higher ta USD $1320.15 per ounce and bitcoin is currentl trading at $14,720 +9.38%
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Topics: Trading, Market News, Bitcoin