Day Trading 16 June Pre Market

  1. 11,993 Posts.
    lightbulb Created with Sketch. 278
    Morning all
    Thanks AM crew

    Yesterday the XJO slid 1.1 per cent to 5147.1, its lowest close in nearly two months, while the broader All Ordinaries ended 1 per cent lower to 5230.4.

    Markets were mildly lower overnight after the Fed confirmed any rate rises would be slow and steady going forward, while leaving rates on hold.
    SPI futures are flat at 5157

    Wall Street was positive for most of the day but fell away into the close on fears of a break up of the Eurozone.
    It was the 5th down day in a row, the longest since February.
    While the U.S. central bank put off an immediate rate hike, it lowered its economic growth forecast and signalled it still plans two rate increases this year.
    S&P -.15%

    Equities loved what they heard from Yellen once again. More cheap money but not negative yields like we are seeing in Japan and Germany on their mid-range bonds.
    In her spoken remarks, Yellen seemed to imply that we may be looking now at only one rate hike this year. Of course, everything is conditional upon data, as the Fed constantly points out.
    http://www.*****.com/commentaries/2016-06-15/images/20160615Gary1.png
    AUD Gold $1743

    Oil $47.49 -$1.00

    Copper rose the most in three months amid a broader rally in mining stocks and base metals on signs that China plans to increase stockpiles. Nickel, aluminum, lead and zinc also advanced more than 1 per cent.

    AUD .7409

    Have a good day
  2. This thread is closed.

    You may not reply to this discussion at this time.

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.