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On September 13, Robert Kaplan, vice president of Goldman Sachs Group, said that investors are beginning to question whether they have invested too much money in the United States, and more and more financial institutions are looking to Europe and Asia for growth opportunities. Kaplan said on Friday that some investors are considering whether they should start hedging the US dollar to protect against exchange rate fluctuations. "What has happened since January is that people are still optimistic about the United States, but they are starting to say: I think our allocation to the United States is too high." Kaplan said. "We are having hedging conversations with people around the world, and some of them have never hedged the US dollar in the past 15 years." Kaplan pointed out that although investors still regard the United States as a safe haven for funds, "they have a little more confusion about the US institutional framework."Russian Ministry of Defense: Air defense systems shot down 42 Ukrainian drones in the early hours of Saturday morning.1. The three major U.S. stock indices closed mixed, with the Dow Jones Industrial Average down 0.59%, the S&P 500 down 0.05%, and the Nasdaq up 0.44%, hitting new all-time highs. Merck and Sherwin-Williams fell over 2%, leading the Dow lower. The Wind S7 Index rose 1.14%, with Tesla up over 7% and Apple up over 1%. Chinese concept stocks saw mixed results, with JinkoSolar up over 6% and Douyu down over 4%. 2. U.S. Treasury yields rose across the board, with the 2-year Treasury yield up 0.99 basis points to 3.549%, the 3-year Treasury yield up 1.94 basis points to 3.527%, the 5-year Treasury yield up 3.81 basis points to 3.633%, the 10-year Treasury yield up 4.57 basis points to 4.070%, and the 30-year Treasury yield up 2.69 basis points to 4.681%. 3. International precious metal futures generally closed higher. COMEX gold futures rose 0.19% to $3,680.70 per ounce, a weekly gain of 0.75%. COMEX silver futures rose 1.26% to $42.68 per ounce, a weekly gain of 2.71%. 4. International oil prices rose slightly. The main contract for US crude oil closed up 0.37% at $62.60 per barrel, a weekly gain of 1.18%. The main contract for Brent crude oil rose 0.77% to $66.88 per barrel, a weekly gain of 2.11%. 5. London base metals rose across the board, with LME zinc futures up 1.93% at $2,956.00/ton, up 3.32% for the week; LME nickel futures up 1.52% at $15,380.00/ton, up 0.95% for the week; LME lead futures up 1.13% at $2,019.00/ton, up 1.71% for the week; LME aluminum futures up 1.03% at $2,701.00/ton, up 3.86% for the week; LME tin futures up 0.74% at $34,955.00/ton, up 1.87% for the week; and LME copper futures up 0.13% at $10,064.50/ton, up 1.69% for the week.According to Sky News: BlackRock (BLK.N) will invest 500 million pounds in British data centers during Trumps visit.According to the Financial Times: Nestlé shareholders have called for the chairman to resign due to executive turmoil.

The ASX200 Index Has Returned to a Key Supply Zone

Jimmy Khan

May 30, 2022 14:51

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We'll be looking at the ASX200 on a daily basis starting today. A crucial supply sector has seen a price increase. Will this be the start of a new uptrend, or will it be a push for new highs?


The ASX200 has pieced together three months of excellent performance after a difficult start to 2022. In January, the price dropped 6.81 percent until purchasers seized control and added about 8% to the present level in April. Buyers have contributed 1% to the market so far this week.


We've now returned to a vital supply point. We've seen two major trend reversals between 7590 and 7640 after price has reached this level. The first rejection was on August 13, 2021, and the most recent was on January 4, 2019, resulting in a 9% decrease.


A robust medium-term surge that started in March is helping buyers. Earlier this month, buyers broke free from consolidation, clearing the stage for a new push back to the supply side. Will this rally come to a finish with a break and close above 7640-7652, setting a new high? Because it is so close to all-time highs, the ASX has a considerable lead above US indexes. Despite worries about inflation and fiscal policy, stock indexes in the United States are increasing. Their current momentum might be just what ASX investors need to take the next step forward. As a result of the RBA's past hints at higher rates, Australian inflation is rising, but it does not seem to be causing too much anxiety in the short term.


We'll be watching to see whether buyers can keep pushing higher or if sellers flood back in, putting pressure on the supply area.

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