ASX 200

ASX 200 Stuck at 50 EMA as AfterPay, Altium, and Zip Lead

The ASX 200 index rebounded by more than 1%, helped by technology stocks after the relatively strong Australian macro data. The ASX index is trading at A$7,017, which is slightly above yesterday’s low of A$6,927.  ASX 200 news: Australian stocks rose after data by the country’s statistics agency. The numbers […]

ASX 200

ASX 200 Hit 14-Month High Amid Soaring Commodity Prices

ASX 200 is trading at a 14-month high as commodity prices remain on an uptrend. To begin with, the recovery of economies and heightened demand from China has pushed iron ore prices to a record high of $226/tonne in the Singapore Exchange. The price represents a surge of over 10%. […]

ASX

ASX 200: Bearish Sentiment Remains Even After the Relief Rally

The ASX 200 index erased earlier losses after bank earnings upgrade by Macquarie and strong Australian retail sales numbers. The index, which tracks the biggest Australian companies, rose to $6,956, which was substantially higher than the intraday low of $6,893.  What happened: The ASX 200 index has been under intense […]