Australia 200 stocks
\nBanking sector<\/p>\n
Mining sector<\/p>\n
Evidence suggests capital is flowing from banks to the mining sector.\u00a0<\/p>\n
Iron ore<\/p>\n
Today\u2019s gains for the miners were also supported by the price of\u00a0iron ore<\/a> on the Singapore Futures exchange<\/a>, rising 0.5% to $104.05.<\/p>\n Crude oil\u00a0<\/p>\n The European Union (EU) is reportedly exploring additional trade countermeasures against the US if an acceptable trade agreement cannot be reached by the 1 August deadline. Rising concerns over a trade war between the US and the EU weighed on the\u00a0crude oil<\/a> price, which fell 0.64% to $65.36.\u00a0<\/p>\n Gold<\/p>\n Simultaneously, EU-US trade war concerns boosted gold<\/a>\u00a0stocks.<\/p>\n Australia 200 technical analysis<\/p>\n After last Wednesday\u2019s sell-off in the Australia 200 held above our 8530 – 8510 support zone<\/a>, the index<\/a> regrouped and surged to fresh record highs into the end of last week.<\/p>\n Providing the Australia 200 holds above short-term support at 8620 – 8600ish, coming from previous record highs, we expect the index to extend its gains towards 8850.<\/p>\n Be aware that a daily close below 8600 is an initial warning that last week\u2019s break higher was a false break and that a retest of the late June 8420 low is underway.<\/p>\n Australia 200 daily chart<\/p>\n","protected":false},"excerpt":{"rendered":"Australia 200 stocks Banking sector Mining sector Evidence suggests capital is flowing from banks to the mining sector.\u00a0…\n","protected":false},"author":2,"featured_media":12727,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,63,99,171],"class_list":{"0":"post-12726","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/12726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=12726"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/12726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/12727"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=12726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=12726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=12726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}