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ASX 200 Toys with Rebound, Though Bears Likely Lay in Wait

The ASX 200 is seeing bullish signs of life after four weeks of heavy selling, and shows the potential to retest 8000 or even 8100. But given the bearish interest that saw prices plunge the prior four weeks, further losses appear likely after a corrective bounce plays out.

Gold nuggets

Gold explodes to record high, ASX 200 ATH within reach

Gold broke to a record high in style, thanks to a weaker USD dollar and an ECB rate cut. ASX 200 futures were also on the cusp of reaching a record high of their own.

Research

RBA’s cash rate futures imply an 89% chance of a policy pause in April

The combination of a dovish RBA hike, dovish speech from the Governor and reduced odds of a Fed hike have seen odds of an RBA pause rise to 89%.

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March 13, 2023 09:23 PM

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