The rebound into the close in the US would appear to be based on rumours that the Fed would act by cutting rates inter meeting.So far its only jaw boning and US futures are not buying it.Rate cuts are certainly coming though.
These markets are now heavily oversold and a bounce must be close so its a matter of patience.
Regarding fmg and its borderline oversold on the daily and the divvie payout does not interfere with technical's it is just classified as a normal fall so this thing is going to be technically heavily oversold today.
The key to all this crap is the US futures market.
An interesting day awaits.
The rebound into the close in the US would appear to be based on...
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Last
$18.30 |
Change
0.030(0.16%) |
Mkt cap ! $56.49B | |||
| Open | High | Low | Value | Volume |
| $18.26 | $18.41 | $18.18 | $85.72M | 4.689M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 4093 | $18.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.31 | 1905 | 8 |
View Market Depth
| Last trade - 12.30pm 02/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |