Day trading pre-market open April 4

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    Morning traders. Thanks loungers, especially @Ravgnome and @Patterns.





    Outlook for the day: Neutral. Cautious start ahead of a rates decision this afternoon. Huge rise in the dollar overnight ahead of today's meeting.


    ASX futures: up four points or 0.06%



    Overnight themes:

    • Main US indices finish mixed as oil producers surge and Tesla deliveries disappoint.
    • S&P 500 energy sector jumps 4.9% after OPEC+ cuts production target, driving Brent crude up 6.3%. Chevron, Exxon Mobil add more than 4%.
    • Rate-sensitive sectors fall as traders price in risk of energy inflation forcing more rate hikes.
    • Australian dollar surges around a cent to six-week high.


    Key event today:

    Interest rates. RBA to announce new cash rate target at 2.30 pm AEST. Economists divided on whether the central bank will hold or hike. Current rate: 3.6%.


    S&P 500: up 15 points or 0.37%


    Dow: up 327 points or 0.98%


    Nasdaq: down 32 points or 0.27%


    Dollar: up 1.93% to 67.85 US cents


    Iron ore (Dalian): down 2.04% to US$129.27


    Brent crude: up US$5.04 or 6.3% to US$84.93 (biggest rally in more than a year)


    Gold: up US$14.20 or 0.27% to US$2,000.40 (3-week high)


    NYSE Arca Gold Bugs: up 1.89%


    Copper (LME): down 0.96% to US$8,906.50


    Nickel (LME): down 2.81% to US$22,960


    Global X Lithium & Battery Tech ETF: down 0.39%


    BHP: down 0.95% (US); down 1.56% (UK)


    Rio Tinto: down 0.74% (US); down 1.33% (UK)




    Last edited by highlandlad: 04/04/23
 
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