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ANALYSIS

Market Analysis

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POPULAR ETFs Close($) +/- %
A200

ASX 200

150.28

0

0

SSO

ASX Small Caps

14.79

0

0

IVV

S&P 500

70.73

0

0

NDQ

Nasdaq

59.44

0

0

F100

FTSE 100

15.10

0

0

ASIA

Asia Tech

20.63

0

0

IEU

Europe

96.98

0

0

IEM

Emerging Markets

95.81

0

0

Gold

Gold

55.58

0

0

ACDC

Battery Tech

126.71

0

0

COMMODITIES Close($) -/+ %
Gold

4,399.59

-0.8997

-0.02

Silver

67.28

0.0104

0.02

Platinum

1,906.38

10.5425

0.56

Palladium

1,358.50

5.3767

0.4

Ice Brent Crude

101.75

3.83

3.91

CURRENCIES Close($) -/+ %
Australian Dollar

0.7217

0

0

Euro

1.1635

0.0003

0.03

British Pound

1.3549

0.0007

0.05

Canadian Dollar

1.3799

-0.0003

-0.02

New Zealand Dollar

0.5842

0.0004

0.07

Chinese Yuan

6.7077

-0.0028

-0.04

Japanese Yen

153.3100

-0.21

-0.14

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What We're Watching

ASX Resource stocks we own
Code Company Price($) Today 1 Year Return 52 Week Range($)
A1M  

Aic Mines Ltd

0.83

0%

155.38%

0.32

0.89

BGL  

Bellevue Gold Limited

1.63

0%

0.00%

0.89

2.00

BHP  

Bhp Group Ltd

64.58

0%

51.20%

39.30

68.77

FMG  

Fortescue Ltd

17.61

0%

-6.80%

16.57

23.38

NHC  

New Hope Corporation Ltd

6.45

0%

43.72%

3.77

6.49

WHC  

Whitehaven Coal Limited

8.96

0%

41.39%

5.94

9.90

NEM  

Newmont Cdi

176.99

0%

0.00%

117.08

190.91

NXG  

Nexgen Ene Cdi

14.90

0%

0.00%

11.40

20.47

SFR  

Sandfire Resources Limited

22.95

0%

82.93%

12.07

25.00

OPINION

Latest Market Matters Opinions

The Bottom Line

While we don’t believe the Yen Carry Trade unwind is the main driver of the ASX at present, it is a contributing factor, and it's telling us to be ready to increase risk in the coming weeks. The banks and tech stocks are an option for those prepared to adopt a contrarian stance, noting we’ve recently bought Westpac (WBC) for yield, but are being more patient from a growth perspective.

Read more

2024 Yen Carry-Trade Unwind

As we mentioned, the most recent significant carry trade unwind hit the ASX 200 just over two years ago, triggered by the Bank of Japan's surprise rate hike on 31 July 2024, its second hike of the year, which caused a rapid yen appreciation and forced leveraged carry positions to be unwound in almost panic-like fashion across the entire global financial system.

Read more
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