ASX

The ASX 200 index is eyeing a record high. But with SPI 200 futures dragging its heels below resistance looms and the Fed unlikely to cut soon, an immediate breakout is not on my horizon. Even though an eventual breakout seems inevitable.

Cooling inflation pressures have reignited speculation of an RBA rate cut, marking a potential shift in Australia’s monetary policy landscape. AUD/USD tests key support as ASX 200 SPI futures eye record highs.

They may have come close to testing the limits of my bearish bias, but we finally saw momentum turn south for EUR/AUD and the ASX 200. However, with Wall Street indices looking steady above key support levels, a cheeky bounce could be due before the anticipated losses resume.

The ASX 200 looks like it could be setting up for a dip lower, but whether it is a big or small dip is likely down to whether Wall Street holds above its December lows.

A decent bullish reversal candle has formed on the ASX 200 on Tuesday, which begs the question as to whether Santa’s rally is about to kick into gear. Although it is the FOMC meeting within the next 24 hours which could decide when or even if it starts at all.

Wall Street indices are just not on the same page at the moment, with the Nasdaq hitting a record high, while the S&P 500 trading sideways and the Dow chalks up its worst daily bearish streak in 12 years. And that's not good for the ASX.

AUD/USD made a minor recovery from its 13-month low late on Wednesday, but whether it can muster up the strength for a decent bounce likely sits in the hands of USD/CNH. Although the ASX 200 could be set for a bounce with the Nasdaq reaching a record high and the S&P 500 close to its own ATH.

A brutal day for risk sent Wall Street indices lower on Thursday, but support levels and the tendency for stocks to rise on the week of a US election could help the S&P 500 and ASX 200. Assuming the wheels don't truly fall off first.

A potential bearish reversal pattern suggests a drop to 7900 for the ASX, but only if it clears a support cluster first. China's A50 still looks solid above 13k to my eyes, despite yesterday's selloff.

Australia’s Q3 inflation report is the sole remaining domestic data release that could meaningfully influence the outlook for interest rate settings from the Reserve Bank of Australia (RBA) this year, making Wednesday’s report a key event for AUD/USD and ASX 200 SPI futures traders.

The bounce for the ASX nay end up being short lived, but price action suggests bulls might sneak in a 'last hurrah' over the near term. Meanwhile the China A50 continues to hold its ground and hint at a bounce of its own.

The USD and yields continued to surge following the release of the Fed's beige book. That, alongside a fast-approaching and tight US election race, is prompting Wall Street traders to reassess their exposure. Yet the fallout on ASX 200 futures was limited, and while AUD/JPY might retrace lower we still have an initial target around 102.

Thin trade on Monday allowed the USD to sneak in a 10-week high, prompting USD/JPY to square up to 150 once more. The ASX 200 might even reach a record high of its own today, with SPI futures tracking Wall Street higher overnight.

We take a look at the ASX 200 futures chart and identify bullish and bearish sectors of interest, to aid with index or stock analysis.

Appetite for risk may have had a wobble, yet the Dow Jones and ASX 200 futures markets remain relatively close to their record highs. Unlike the Nasdaq 100, which has been left behind during recent bouts of risk on.

Well, that settles that. The Federal Reserve cut their cash rate for 50bp, which is their largest sized cut since the pandemic. And it made for a volatile ride for AUD/USD and ASX 200 futures ahead of today's Australian jobs report.