Good day folks and welcome to another trading day with your friendly neighborhood CMC market analyst!
For real-time data/news/research/ideas/strategies, visit our insights panel on the CMC Markets NextGen platform and follow us on Twitter:
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)
Disclaimer: CMC Markets is an order execution only service. The material (whether or not it contains opinions) is for general informational purposes only and does not take into account your personal circumstances or goals. Nothing contained in this material constitutes (or should be construed as such) financial, investment or other advice on which reliance should be placed. None of the opinions contained in this material constitute a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is appropriate for any particular person. The material has not been prepared in accordance with legal requirements promoting the independence of investment research. While we are not specifically prohibited from trading this material prior to making it available, we do not attempt to exploit the material prior to its distribution.