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By Thomas_McGee · Posted
The current global economic uncertainty has increased significantly, with consecutive declines in the US stock market and surging US Treasury yields putting pressure on global stock markets. Particularly for the Australian ASX 200 index, these factors directly influence investor confidence and market dynamics. Thomas McGee mentioned that the "higher for longer" rate policy of US may lead to global liquidity tightening, affecting liquidity and stock performance in the Australian market. Furthermore, historic highs in copper prices also indicate potential cost pressures and profitability challenges for resource-intensive markets like ASX 200. Performance Releases of Mining Giants and Market Expectations With several mining giants set to announce their March quarter financial results, market focus has shifted to the performance of these companies and their potential impact on the stock market. Thomas McGee believes that these results not only provide crucial information about industry health but also guide market sentiment and investment decisions. Against the backdrop of potential global demand slowdown, the production and profit performance of these mining companies will be a key focus for investors. Additionally, this serves as an important indicator to assess whether market expectations for future economic conditions are overly pessimistic. Investment Strategies and Market Outlook Considering the current global economic situation and domestic market dynamics, Thomas McGee emphasizes that investors need to adopt more cautious strategies and pay attention to changes in macroeconomic indicators and industry fundamentals. For ASX 200 investors, this means potentially adjusting portfolios and prioritizing industries that can withstand economic fluctuations and policy changes. Furthermore, maintaining sensitivity to changes in international financial markets and timely adjusting strategies will be crucial in addressing future market challenges. Through continuous market analysis and prudent risk management, investors can find opportunities for growth and returns in an unstable market environment. -
Hi @chemist66, we may need to look into your account to understand why it's not going through. Could you please send an email to helpdesk.uk@ig.com from your registered email address with your query? This way, we can investigate and assist you further. Regards, AshishIG -
By tradinglounge · Posted
ASX: COLES GROUP LIMITED. – COL Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COLES GROUP LIMITED. – COL. In our ASX Stocks Top 50 forecast service, we have accurately forecast a price decline from a high of around 17.15 down to around 16.00 at the current low. And we are now identifying COL could move higher in the short term outlook. ASX: COLES GROUP LIMITED. – COL Elliott Wave Technical Analysis ASX: COLES GROUP LIMITED. – COL 1D Chart (Semilog Scale) Analysis Function: Counter trend (Minute degree, green) Mode: Corrective Structure: Double Zigzag Position: Wave (b)-purple of Wave ((y))-green Latest forecast: Accurate forecast Details: The short-term outlook indicates that wave ((y))-green is unfolding as a Zigzag, and wave (a)-purple has ended. Therefore, wave (b)-purple is expected to continue pushing lower, seeking support around 16.01 - 15.71 before wave (c)-purple returns to rise higher. Pushing higher off 17.15 would renew the bull market view. Invalidation point: 15.35 ASX: COLES GROUP LIMITED. – COL Elliott Wave Technical Analysis TradingLounge (4-Hour Chart) ASX: COLES GROUP LIMITED. – COL Elliott Wave Technical Analysis ASX: COLES GROUP LIMITED. – COL 4-Hour Chart Analysis Function: Counter trend (Minute degree, green) Mode: Motive Structure: Impulse Position: Wave (c)-purple of Wave ((y))-green Details: The shorter-term outlook suggests it appears the (b)-purple wave has bottomed, but a move higher than level 16.5 is needed to confirm this outlook. If this forecast is correct, wave (c)-purple will be opened to continue pushing higher, aiming for higher targets. Invalidation point: 15.37 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: COLES GROUP LIMITED. – COL aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation). Source : Tradinglounge.com get trial here!
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