In simple words, the statement by FED for an early increase in interest rates (In 2022-2023) is nothing more then the market realising that the real growth has not been achieved, which was expected anyway, isn't it? High inflation was also expected and to curb that, increase in interest rates is the most effective tool in hand which they gonna use against rising inflation. So it was more then expected in IMO.
It is still a speculative dip I believe, and even a newbie could realise that there is no actual growth in a US economy.
Now increase in interest rate will have inverse effect on commodity prices which in theory would fall with a rise in interest rate but saying this, we have a different ball game with IO which is already under supply shortages. I still cannot see any significant fall in prices of commodities including iron ore atleast till 2022. Let them play with the market for a measure which is due in 2022-2023 and even then we are not sure what gonna happen to IO supply/demand. Cheers DYOR
MGT share price, page-7148
-
- There are more pages in this discussion • 6,781 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGT (ASX) to my watchlist
(20min delay)
|
|||||
Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $18.93M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 18.5¢ | $25.32K | 127.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 54545 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 81434 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 54545 | 0.185 |
17 | 175074 | 0.180 |
6 | 73682 | 0.170 |
2 | 11200 | 0.165 |
1 | 70000 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 81434 | 2 |
0.225 | 7000 | 1 |
0.230 | 114715 | 2 |
0.240 | 15000 | 1 |
0.250 | 3120 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
MGT (ASX) Chart |