Breaking News

Raising The Roof

By CMC Markets (Michael McCarthy)Market OverviewOct 16, 2017 09:57

au.investing.com/analysis/raising-the-roof-200196705

Raising The Roof

By CMC Markets (Michael McCarthy) | Oct 16, 2017 09:57

Saved. See Saved Items.

This article has already been saved in your Saved Items

JP225

+1.81%

Add to/Remove from a Portfolio

HK50

+0.28%

Add to/Remove from a Portfolio

TLS

+1.93%

Add to/Remove from a Portfolio

AXAT

+0.89%

Add to/Remove from a Portfolio

USDIDX

-0.84%

Add to/Remove from a Portfolio

Originally published by CMC Markets

Asia Pacific markets are set to test key overhead resistance today. A lift in European and US shares and strong commodity prices mean investors will flirt with important highs in Hong Kong, Japan, and Australia. A weaker US dollar could contain exuberance at these significant signal points.

The Hang Seng index closed at recent highs on Friday, in line with the early 2015 post GFC high. On Friday the Nikkei 225 index broke through a twenty year ceiling. And the S&P/ASX All Australian 200 index is within 0.5% of the top of its four month trading range. Today’s local price action could determine market direction for days and weeks to come. A co-ordinated breakthrough these importance resistance points could spur international buying of Asia Pacific share markets. Simultaneous failure, signified by negative performances today, could see sharp corrections.

US company reports and inflation data on Friday night showed reasons for investor optimism. Australia’s AGM season heats up this week and Telstra's (AX:TLS) presentation tomorrow is crucial to the share price outlook. Jobs data on Thursday could draw local attention as inflation numbers across Asia and Europe drop.

Related Articles

Calogero Selvaggio

3 Growing Market Risks Set to Weigh on Equities Over the Next 12... By Calogero Selvaggio - Mar 04, 2025

Economic resilience has held up, but emerging signs of weakness suggest investors should stay vigilant. Market volatility is creeping higher, hinting at a potential shift from...

Stocks Week Ahead: Jobs Report, Powell on Tap as Markets Weigh... By Michael Kramer - Mar 03, 2025

Stocks got a major boost last Friday afternoon as implied volatility dropped sharply in the final hours of the day, aided by a large end-of-month $4+ billion buy imbalance for the...

When Sentiment Is This Bearish, Market Rallies Tend to Follow By Lance Roberts - Mar 04, 2025

Last week, we discussed that continued bullish exuberance and high levels of complacency can quickly turn into volatility. Over the previous week, the market fell sharply...

Add a Comment

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically.
Use standard writing style. Include punctuation and upper and lower cases.
NOTE: Spam and/or promotional messages and links within a comment will be removed
Avoid profanity, slander or personal attacks directed at an author or another user.
Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read and understood Investing.com Australia's comment guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button" data-reg_ep="follow comment">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save"  data-reg_ep="save comment">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d70-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button" data-reg_ep="follow comment">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save"  data-reg_ep="save comment">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d70-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d70-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
		</div>
    </div>
			</div>
			<div id="show-more-comments">
				<a class="showMoreComments block">
					<span class="arial_12 showArrowafter">Show more comments (<span class="js-amount"></span>)</span>
				</a>
			</div>
			<div id="show-more-replies">
				<a class="showMoreReplies block">
					<span class="arial_12 showArrowafter">Show more replies (<span class="js-amount"></span>)</span>
				</a>
			</div>

Are you sure you want to delete this chart?

Delete Cancel

Post

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

I feel that this comment is:

Spam

Offensive

Thank You!

Your report has been sent to our moderators for review

More Categories

1D1W1M6M1Y5YMax

	S&P/ASX 200	8,245.70	+73.30	+0.90%
	ASX 200 Futures	8,239.5	+99.5	+1.22%
	ASX All Ordinaries	8,478.80	+74.90	+0.89%
	US 500	5,972.1	+17.7	+0.30%
	Dow Jones	43,936.66	+95.75	+0.22%
	China A50 Futures	13,203.0	-33.0	-0.25%
	Dollar Index	106.640	-0.918	-0.85%

	Crude Oil WTI	70.14	+0.38	+0.54%
	Natural Gas	3.896	+0.062	+1.62%
	Gold	2,887.71	+39.21	+1.38%
	Silver	32.345	+0.849	+2.70%
	Copper	4.6427	+0.0947	+2.08%
	US Sugar #11	18.47	-0.05	-0.27%
	US Coffee C	377.15	+4.10	+1.10%

	Australia 10Y	4.388	+0.053	+1.22%
	Australia 5Y	3.916	+0.047	+1.21%
	New Zealand 10Y	4.537	+0.035	+0.89%
	U.S. 10Y	4.249	+0.020	+0.47%
	Japan 10Y	1.400	-0.004	-0.28%
	China 10Y	1.775	-0.007	-0.39%
	Singapore 10Y	2.746	+0.007	+0.26%

	CSL	262.00	+1.43	+0.55%
	Woolworths	30.070	+0.060	+0.20%
	ANZ Holdings	29.760	-0.030	-0.10%
	Commonwealth Bank Australia	157.130	+0.390	+0.25%
	Telstra Group	4.220	+0.080	+1.93%
	National Australia Bank	35.320	+0.020	+0.06%
	BHP Group Ltd	39.600	+0.560	+1.43%

Most Popular Articles

Trump set to make investment announcement By Investing.com - Mar 03, 2025

S&P 500 underperforming? These AI-picked global stocks are up 60%+... By Investing.com - Mar 03, 2025

U.S. stock futures edge higher as Trump tariff decisions approach By Investing.com - Mar 03, 2025

Nvidia's latest chips being ordered by Chinese buyers despite U.S.... By Investing.com - Mar 03, 2025

Morgan Stanley reinstates Tesla as 'Top Pick' with nearly 50% upside... By Investing.com - Mar 03, 2025

More News

Markets Are Ignoring a Century’s Worth of Valuation Lessons By Lance Roberts - Mar 01, 2025

2 Boring Safe-Play Stocks to Protect Against Market Turmoil By Jesse Cohen - Mar 01, 2025

S&P 500 Slips Below 5,900 - Put Wall Shift Signals More Downside Risk By Michael Kramer - Feb 28, 2025

Stocks Week Ahead: Jobs Report, Powell on Tap as Markets Weigh... By Michael Kramer - Mar 03, 2025

Gold Miners Flash a Reversal Signal - Is the Long-Awaited Catch-Up... By Fawad Razaqzada - Mar 03, 2025

More Analysis

Central Bank Rates

	Central Banks		Interest Rates	Next Meeting
		RBA	4.10%	Apr 01, 2025
		BOE	4.50%	Mar 20, 2025
		ECB	2.90%	Mar 06, 2025
		FED	4.50%	Mar 19, 2025
		SNB	0.50%	Mar 20, 2025
		BOC	3.00%	Mar 12, 2025
		RBNZ	3.75%	Apr 09, 2025
		BOJ	0.50%	Mar 19, 2025
		CBR	21.00%	Mar 21, 2025
		RBI	6.25%	Mar 10, 2025
		PBOC	3.10%
		BCB	13.25%	Mar 19, 2025