Full credit to those who last week backed the Bull market, and tipped shares would rally into June 30. The market has rallied over 200 points since we asked in the last Memberpulse survey where members though the XJO would close on June 30.
There’s plenty of info in this week’s Marketpulse about foreign exchange (FX) trading. See the Feature Trade Suggestion, Learning Centre, and Book Review for more info.
Also, by voting in this week’s Memberpulse survey (below or on the online portal) you automatically go into the draw to win a copy of this week’s Book Review Profiting With Forex by John Jagerson valued at $90.
This week’s Broker Consensus looks at a great blue-chip stock which has underperformed over the last few months. Certainly the big brokers are still keen on it and members may wish to take a closer look.
All the best,
ASR Team.
Just because last week was a shortened week, doesn’t mean there wasn’t plenty of action.
Most of the early carnage, which followed on heavy selling in the previous week, was due to a sharp rise in US bond yields.
* This weeks Marketpulse Feature Stock Pick – FREE.
The Australian share market comprises approximately 2% of the value of global equities. Equity market transactions account for roughly one-third of daily capital flows in financial securities around the globe.
The rest is made up of predominantly foreign exchange, bonds and other credit instruments, and commodities.
So, if you are only looking at Australian shares, you are only looking at a tiny snippet of what opportunities the world offers.
The Australian Stock Report’s Broker Consensus compiles the latest stock recommendations of all the major brokers in Australia.
You just type in the name of the stock and you’ll be instantly presented with the latest broker recommendations.
You’ll have access to vital statistics such as the broker rating (buy, hold or sell) and price targets all displayed in an easy-to-use format.
This week’s Marketpulse Feature Broker Consensus study is WESTFIELD GROUP (WDC)
To see the full WDC Broker Consensus file, click here
What is you view to trading Foreign Exchange (FX)?
I trade FX regularly using CFDs. I trade FX regularly using futures. I sometimes trade FX. I am interested in starting FX trading. I have no interest in trading FX.
By voting in this week’s Memberpulse survey, you automatically go into the draw to win a copy of this week’s Book Reivew Profiting With Forex by John Jagerson valued at $90.
Last Week’s Poll Results
It seems that Marketpulse members think that the energy Sector is going to ‘hot up’ over the next 6 months. This week, we’d like to know where members thought the S&P ASX200 was going to close out the financial year on June 30.
Above 6500
12%
6400-6500
14%
6300-6400
27%
6200-6300
22%
6100-6200
11%
6000-6100
8%
5900-6000
2%
5800-5900
2%
Below 5800
3%
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