Pre Market ASX Report 20/09/22

G‘day folks and welcome to another trading day with your friendly neighborhood CMC market analyst!

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Azeem Sheriff –
CMC Markets –

Trading idea of ​​the day

NYSE:F – Ford Motor Group – BULLISH BIAS

  • Key levels on the chart – consider trades from key support/resistance levels
  • Bank of America predicts that Ford will overtake Tesla in sales by 2025, with its plans to launch seven new EV models by 2026, offering consumers purchasing power, flexibility and value among other EV manufacturers.
  • Given Ford’s dominance in automotive and showroom real estate, we could see their electric vehicles dominating the scene in all showrooms at an accelerated pace, which will secure market share for new consumers entering the market.

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ASX & key economic events

ASX Key Events Calendar (TODAY)
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Key Economic Events (TODAY)
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Key Economic Events (YESTERDAY)
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APAC Daily Report

Market Snapshot & Highlights from 7:00am AEST

EXPECTATIONS: Energy FLAT (Flat Crude Oil) & Materials MIXED.

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Global Market Headlines

(All news and data sourced from AFR / The Australian / Bloomberg / Reuters / CNBC / Wall Street Journal / Morningstar / OPTO / Trading Economics)

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