Tag: ASX Report
Trading insights on share trading, forex trading, cfd trading and options trading. Powerful insights from our Wealth Advisers at PhillipCapital Australia.
The US election - everyone is talking about it so I am not going to go on about it also, other than to say it’s held on Tuesday 8th (Wednesday 9th Australian time) and the counting will start while the local market is up and trading. Just like BREXIT we will be reacting blow by blow with the numbers as they come out. Keep in the back of your mind that we may not have a result right away especially if it’s a close call, it could drag on for days or weeks like that one George W. Bush won by a handful of votes before Obama took office.
The week ahead sees the 29th anniversary (19th October 1987) of the 1987 Crash. The Dow fell 508 points or 22.6% in one day its largest ever one day % fall. All markets around the world followed suit falling very strongly and this is a time never to be forgotten as to how quickly things can happen.