MM is looking for a test of Junes low for BHP i.e. over 10% lower

19/08/2021

MM is looking for a test of Junes low for BHP i.e. over 10% lower

Subscribe to Market Matters Blog

Latest Reports

Afternoon report 24/06/2026

The Match Out: ASX snaps four-day skid as mixed CPI keeps RBA’s August hike alive

The local market broke a four-day losing streak today, with the ASX 200 grinding higher as investors weighed a mixed May inflation print. Headline CPI cooled to 4% — softer than the 4.3% expected, largely on falling fuel prices — but the RBA's preferred trimmed mean measure accelerated to 3.6%, above forecasts, keeping underlying inflation pressures alive. The Aussie dollar slumped to an 11-week low before paring losses, as markets turn to Thursday's jobs report and an evening speech from RBA deputy governor Andrew Hauser for the next steer on policy.

Morning report 24/06/2026

Portfolio Positioning: SpaceX sell-off reverberates around the World

The ASX200 lost early gains on Tuesday, as tech selling cascaded around the world following SpaceX’s ~16% fall in US trade. Yesterday's sell-off in the semiconductor stocks, some of the biggest beneficiaries of the AI boom, gathered momentum throughout the day, and saw the Korean Kospi close down 10%, with SK Hynix Inc. and Samsung Electronics Co. both sliding more than 12%.