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ASX struggles with resistance

Bulls were baited with a third ASX 200 breakout above resistance at 6000, only to see the index retreat yet again. Declining Money Flow warns of commitment from sellers. 146 more words

Stock Markets

Gold finds short-term support

The greenback continues its bear market rally, assisted by the new tax bill and the December Fed rate hike. Breakout above resistance at 95 would signal a primary up-trend, a strong bear signal for gold, but the Dollar still has to overcome concerns over North Korea. 85 more words

Australia & NZ

What are the key risks facing the Australian economy?

By Gareth Aird, senior economist at CBA:

Re-published with kind permission from Macrobusiness.

Key Points:

  • GDP growth has lifted in 2017 and the labour market has tightened.
  • 2,601 more words
Australia & NZ

ASX still hesitant

The ASX 200 index is running up against resistance at 6000. Reversal below support at 5920 would signal a correction. As would Twiggs Money Flow (21-day) crossing to below zero. 93 more words

Stock Markets

ASX still tentative

The ASX 300 Metals & Mining Index retraced to test support at 3300. Breach is still unlikely but would warn of a correction.

Iron ore strengthened to test the declining trendline but respect of resistance at 70 would warn of a continued down-trend. 108 more words

Stock Markets

ASX 200 faces resistance at 6000

The ASX 200 faces resistance at the key 6000 level. Money Flow is forming troughs above zero, indicating buying pressure. Recovery above 6000 would signal another advance. 281 more words

Stock Markets

East to West: Still mostly bullish apart from EU & China

South Korea’s Seoul Composite Index continues in a strong up-trend despite the nuclear threat from its northern neighbor. The latest retracement appears mild and likely to test the rising trendline around 2450. 168 more words

Stock Markets