Stock Market investing Report S&P/ASX 200 XJO Elliott Wave technical analysis trading levels, Forex AUD/USD, US Dollar DXY, Commonwealth Bank CBA, BHP Group (BHP), Rio Tinto (RIO), Fortescue Metals Group (FMG), Newcrest Mining NCM, Australian 2 Yr Government Bonds Yield.
Technical Analysis Trading Strategies
ASX200 Market Summary: Expect a corrective rally over the next few trading sessions
Elliott Wave Analysis: Wave a) of B
ASX200 Trading Strategy: Expect the market higher, but no strategy for the ASX200 as it's in an a) b) c) corrective pattern. We can look to short Wave C leg down later in the week.
Video Chapters
00:00 ASX200 (XJO)
14:10 Banks CBA, XXJ
23:07 Iron Ore BHP RIO FMG
30:34 Newcrest Mining NCM / GOLD XAUUSD
23:39 Lithium Stocks PLS LTR
36:32 AUDUSD / DXY US Dollar
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Editors’ Picks
EUR/USD remains near 1.0400 post-US PCE
The US Dollar’s inconclusive price action allows some recovery in EUR/USD, keeping the pair around the 1.0400 region following the release of PCE inflation data for the month of January.
Gold slumps to fresh multi-week lows below $2,840
Gold stays under bearish pressure and trades at its lowest level in three weeks below $2,840. The uncertainty surrounding the Trump administration's trade policy and month-end flows seem to be weighing on XAU/USD, which remains on track to snap an eight-week winning streak.
GBP/USD clings to gains just above 1.2600 after PCE data
GBP/USD remains positively oriented in the 1.2600 neighbourhood as the Greenback is navigating a vacillating range following the PCE inflation release.
The week ahead – US Payrolls, ECB rate meeting, ITV results – W/c 3rd March
Having seen the Federal Reserve keep rates on hold last month the US labour market continues to show remarkable resilience, despite seeing a slowdown in hiring in January, after a blow out December number.
Weekly focus – Tariff fears are back on the agenda
While the timing of the EU measures remains still uncertain, Trump surprised markets on Thursday by signalling that the 25% tariffs on Canada and Mexico will be enacted when the one-month delay runs out next Tuesday.
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