Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Need 4 Speed - ASX Report - 19/10/22

ASX trading

G'day folks and welcome to another trading day with your friendly, neighbourhood CMC 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: 

Azeem Sheriff - @Azeem__Sheriff 
CMC Markets - @CMCMarketsAUSNZ

Trading Idea of the Day

NYSE:FVRR - Fiverr International Ltd - BULLISH BIAS (long term)

  • Key levels on the chart - consider taking trades from key support/resistance zones.
  • Fiverr is a small company that is tackling big things. Despite being valued at $1.2 Billion, Fiverr is the world’s largest platform for hiring freelancers to do anything from graphic design to data analysis.
  • Fiverr takes what’s traditionally a difficult process for small businesses - approaching freelancers to complete specific and often one-off tasks - and makes it substantially less impactful on time and finances. Business owners can engage with freelancers on Fiverr with requests for work to be done with set parameters on budget, delivery time and expertise.
  • Fiverr has been loss-making to-date and is expected to continue being loss-making for some time which has put off traditional investors looking for profitable companies and value. Fiverr’s business model is predicated on reinvesting all spare cash into marketing to acquire increasingly large cohorts of buyers on the platform. Over the last few years, Fiverr’s marketing spend exploded from $11.7 Billion in 2018 to $44.3 Billion in Q2 2022.
  • The growing marketing spend means the number of users on the platform is exploding as well. Fiverr’s quarterly filings show that customers acquired during any quarter tend to pay back the performance marketing budget in the following quarter. Older cohorts and trends within more recent ones show that once acquired, customers tend to be very sticky which means the customers of every quarter yield strong revenues for years into the future.

ASX & Economic Key Events

ASX Key Events Calendar (TODAY)

Economic Key Events (TODAY)

Economic Key Events (YESTERDAY)

OPTO For Investors Research

Article of the Day: Can Q3 earnings reverse the Tesla share price decline?
Podcast of the Day: Market strategist Kiril Sokoloff’s thematic investment radar

APAC Daily Report

Click here to access our daily APAC report, prepared by my fellow market analyst @TinaTeng_CMC

Market Snapshot & Highlights as of 8am AEDT

EXPECTATIONS: Energy LOWER (lower oil/nat gas) & Materials LOWER on overall commodity prices.

Global Markets Headlines

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


Disclaimer: CMC Markets is an execution-only service provider. 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.

Hello, we noticed that you’re in the UK.

The content on this page is not intended for UK customers. Please visit our UK website.

Go to UK site