Afternoon trading September 20

  1. 14,356 Posts.
    lightbulb Created with Sketch. 6
    Thanks @shovel40, @Fiji1 and morning crew.

    Half-time wrap:

    The share market's losing run extended into a third session as investors continued to reduce their exposure ahead of interest rate decisions in the US, UK and Japan this week.


    Resource stocks led the latest downleg as the ASX 200 gave up 34 points or 0.47%. South32, Woodside Energy and BHP were the biggest drags following setbacks for copper, iron ore and crude.

    This morning's retreat followed modest losses on Wall Street overnight ahead of tonight's Federal Reserve interest rate decision and forecast. Investors fear evidence of "sticky inflation" will force the central bank to push back any prospect of rate cuts next year.

    The S&P 500 eased 0.22% but finished well off its intraday low. S&P 500 futures were down less than 0.1% at the Australian halfway mark.



    Personal trading: Scruffy morning. Needed two stabs to get something out of the OKR retrace. Took BSN too early and ended up selling most at break-even when the rebound faltered. Was at the right entry level for BRN but didn't get a fill. Waiting for another to come good.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.