• The ASX 200 closed 25 points lower at 5933 after rallying as much as 38 points prior to the much hyped RBA interest rate decision
Nicholas Forsyth
Market Matters
• The ASX 200 closed 25 points lower at 5933 after rallying as much as 38 points prior to the much hyped RBA interest rate decision. The intraday was as much as 98 points after the RBA announced no change to its current interest rate of 2.25%. • The banking sector reversed early gains with ANZ and Westpac again hitting all-time highs. Commonwealth Bank (CBA) ending the day down 0.7% at $91.92 while ANZ closed 0.1% lower at $35.66 after hitting an all-time high of $36.09 and Westpac (WBC) also 0.1% lower at $38.26 after hitting an all-time high of $38.97. • After the RBA's interest rate decision, we now have a short term downside target towards the ~5750 area prior to a rally, likely in April. Please watch out for our morning note tomorrow with our updated macro view of the ASX 200 and related stocks.
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Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self Managed Super Fund (SMSF). As a member, you will receive twice daily and weekly trading and investment advice focusing primarily on ASX equity investments. Additionally, we share his market positions and provide an ongoing outlook on key stocks and markets that matter. We provide clear share trading and investment buy and sell recommendations with the clear aim of outperforming the market. https://marketmatters.com.au/
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Nicholas Forsyth
Director
Market Matters
Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...
Expertise
No areas of expertise
Nicholas Forsyth
Director
Market Matters
Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...
Expertise
No areas of expertise
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