FFG - careful, you’ll get trapped. I called this FFG movement in...

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Tony barber

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29/11/23

15:23

Post #: 71172490
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Originally posted by highlandlad ↑

Thanks @shovel40, @Fiji1, @Patterns and morning crew.

No idea what the hitch is with posting charts/images, etc, this morning on HC, but it certainly makes the forum a drabber, less useful place. A picture paints a thousand words and all that. Fingers crossed the issue can be resolved before we lose some great contributors.

Half-time wrap:

Progress in the Reserve Bank's war on inflation helped the share market build on a second day of gains as trader bet the central bank can afford to leave interest rates on hold next month.

The ASX 200 rallied 30 points or 0.43% by mid-session. The rate-sensitive REIT and tech sectors were among the leaders after a mid-morning report soothed concerns that inflation was stalling well above the RBA's target range.

The monthly Consumer Price Index came in at +4.9% for the 12 months to October, down from +5.6% in September and below the +5.2% growth predicted by economists. Core inflation also declined, dropping to 5.1% from annual growth of 5.5% in September.

The yield on 10-year Australian government bonds dropped 14 basis points following the report as bond traders reassessed the chance of another rate hike. The dollar dipped a tenth of a US cent.

"Yesterday's cooler-than-expected retail sales and #inflation print today should give the #ASX200 the shot higher it's been looking for into year-end towards 7200," IG market analyst Tony Sycamore tweeted.

Personal trading: AGY offered an attractive entry. Also took FFG to no great effect yet.

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FFG - careful, you’ll get trapped. I called this FFG movement in the after market thread 2 weeks ago before volume even entered.
Look it up.
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First 140 Last

FFG - careful, you’ll get trapped. I called this FFG movement in...

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

Patagonia looks to raise $2.15M for South American exploration and development

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

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FFG - careful, you’ll get trapped. I called this FFG movement in...

Top Stories

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

Patagonia looks to raise $2.15M for South American exploration and development

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

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