The benchmark S&P/ASX 200 [ASX:XJO] is inching higher on Tuesday morning, propelled by a rebounding iron ore price which pushed the big miners Fortescue Metals Group [ASX:FMG] and Rio Tinto [ASX:RIO] higher.
See what’s making news on the S&P/ASX 200 [ASX:XJO] this morning.
Iron ore production fell 4% year-on-year and 3% quarter-on-quarter. BHP Group [ASX:BHP] share price are currently exchanging hands at $38.47 per share, a drop of 1.84% at time of writing.
I have been calling for a stronger US dollar for a while now with a target of 96.00 on the US Dollar Index. I’m going to back off from that call for now due to the moves we have seen since the Jackson Hole speech.
What does ‘up’ mean? When have prices changed direction? What is an uptrend? When is the trend over?
At the moment, though, investors who love small-caps might wonder why their favourite playground on the ASX is so eerily quiet.
At time of writing, the share price of the big three iron ore miners are all up, with BHP Group [ASX:BHP], Rio Tinto [ASX:RIO] and Fortescue Metals Group [ASX:FMG] all tacking on 2–3% today.
One of the best predictors of future economic growth is the price of copper because it is widely used in many different sectors. Because it gauges the health of the economy pretty well, many refer to it as Dr Copper...
The week been saw a large pullback in the All Ords [ASX:XAO] by 208 points. Meaning the XAO is now in its 10th week of a sideways move after gaining ground quickly from the March low...
The immediate risk is clear — China. Today, I’m talking about the largest miners in Australia and give you a special tool you could use to play what I call a ‘fractured’ market. This includes BHP Group Ltd [ASX:BHP], Rio Tinto Ltd [ASX:RIO], and Fortescue Metals Group Ltd [ASX:FMG]...