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sold my CTM for a decent profit happy about that any win is good

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24/04/24

14:19

Post #: 73498733
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Originally posted by highlandlad: ↑

Thanks @shovel40, @Fiji1 and morning crew.

Half-time wrap:

Australian shares trimmed early gains after unexpectedly hot inflation data muddied the prospects for interest rate cuts this year.

The ASX 200 halved a pre-data rally of 41 points to 19 points or 0.25% at the halfway mark. Gains in gold miners, banks and tech stocks helped offset down-pressure from BHP, Rio Tinto, Telstra and Coles.

The index briefly gave up all of its gains in the 10 minutes following news that consumer prices increased by 1 per cent last quarter, up from growth of 0.6% the previous quarter and ahead of expectations for growth of 0.8%. The monthly annual CPI reading ticked up to 3.5% from 3.4% in February.

The dollar jumped 0.6%. The yield on 10-year Australian government bonds jumped 11 basis points.

"Bye bye, 2024 rate cuts," tweeted City Index market analyst David Scutt.

"For the RBA this warrants caution and makes late year rate cuts far less certain," tweeted the chief economist at IMF Investors, Alex Joiner.

The market's early strength followed a second night of gains on Wall Street and positive signals for tonight after Tesla beat analysts' earnings expectations. The S&P 500 gained 1.2% overnight. Futures for the index firmed 0.24% this morning as traders reacted to Tesla's trading update, released after the end of regular trade.

Personal trading: Tricky time of the month with all these quarterlies. Nothing a TA trader likes less than fundamentals mucking up the chart set-ups, lol. (Damn, you reality - won't you leave us to dream?) I struggled for trades and didn't find anything more lucrative than a dip in ADT to horizontal support for an entry.

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sold my CTM for a decent profit happy about that any win is good
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First 60 Last

sold my CTM for a decent profit happy about that any win is good

BCI reaches close of funding facility for salt-first part of Mardie project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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sold my CTM for a decent profit happy about that any win is good

Top Stories

BCI reaches close of funding facility for salt-first part of Mardie project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Featured News

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