Need 4 Speed - Pre Market ASX Report - 13/09/22

G'day folks and welcome to another trading day with your friendly, neighbourhood Market Analyst!




For real-time up-to-date data/news/research/ideas/strategies, check out our insights panel on the CMC Markets NextGen platform and follow us on Twitter:  & 

Content Summary

• ASX & Economic Key Events
• Trading Idea of the Day
• APAC Daily Report
• Market Snapshot & Highlights
• Global Markets Headlines
   

ASX & Economic Key Events

ASX Key Events Calendar (TODAY)

Economic Key Events (TODAY)
(Click image to enlarge)

Economic Key Events (YESTERDAY)
(Click image to enlarge)

Trading Idea of the Day

FLT - Flight Centre Travel Group Ltd

• BULLISH BIAS
• Key levels on the chart - consider taking trades from key support/resistance levels
• As global travel demand picks up, expecting the travel industry to pick up significantly, especially after many countries open up borders and allow foreigners (eg Japan)
• Price is in a ranging motion, near strong support level so great risk to reward opportunity.

(Click image to enlarge)

APAC Daily Report

Market Snapshot & Highlights as of 7 AM AEST

EXPECTATIONS: Energy & Material sectors potentially UP on back of higher commodity prices
(Click image to enlarge)(Click image to enlarge)

Global Markets Headlines

• Goldman Sachs to kick off Wall Street layoff season with hundreds of job cuts this month (CNBC) 

• Peloton co-founders John Foley and Hisao Kushi are leaving the company in a broad executive shakeup (CNBC)

• Falling gas prices are raising hopes that inflation is slowing, New York Fed survey shows (CNBC)

• Quantitative tightening will be a market headwind that hasn’t been priced in, says Strategas’ Trennert (CNBC)

• Bitcoin tops $22,000, hitting its highest in nearly a month ahead of inflation data and Ethereum merge (CNBC)

• Fed is likely to pause by year-end, says Evercore’s Julian Emanuel (CNBC)
• Twitter Shareholders Are Poised to Approve Elon Musk Takeover Deal (WSJ)

(All news & 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 states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.