Pre Market ASX Report 23/09/22


Good 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

ASX:WOW – Woolworths Group – BULLISH BIAS

  • Key levels on the chart – consider trades from key support/resistance levels
  • Woolies falls within the consumer staples sector, which is generally a defensive stock and is therefore resilient to economic cycles, including impending recessions
  • Woolies are able to maintain their profit margins and pass their costs on to customers, protecting their bottom line.

ASX & key economic events

ASX Key Events Calendar (TODAY)

Key Economic Events (TODAY)

Key Economic Events (YESTERDAY)

OPTO For Investors Research

Article of the day: Ray Dalio’s Bridgewater Associates is short on Euro Stoxx 50 stocks
Podcast of the day: Investment manager Michael Gayed warns of a sovereign debt crisis

APAC Daily Report

Market Snapshot & Highlights from 7:00am AEST

EXPECTATIONS: Energy mixed (higher oil/lower nat gas) & materials mixed but probably lower.

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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