1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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Tony Sycamore from IG notes that traders eye a potential US rate cut, with markets cautious ahead of US inflation data.
He also points out a strong uptrend in Nasdaq and a potential bearish pattern on ASX 200.
The US Federal Reserve may cut rates, but caution prevails around CPI data. Nasdaq's steady uptrend shows solid support despite uncertainties. In currency, the Aussie dollar struggles amid US-China tensions.
Finally, Bitcoin shows a cooling period, and gold sees a faltering rally despite geopolitical tensions. Bitcoin sees a cooling-off period, while gold's rally lacks momentum. Meanwhile, Chinese leaders lean towards economic stimulus amid trade tension.
