ASX 200 Weekly Wrap: ASX whipsaws in volatile week
ASX 200 Weekly Wrap: ASX whipsaws in volatile week
Here on our ASX 200 Foolish Weekly Wrap, we look at the things that moved the S&P/ASX 200 Index and the broader share market last week!
Sebastian Bowen has been a Motley Fool contributor since late 2018.
Sebastian found his passion for writing and educating others about shares and all things finance after completing his studies in political, economic and social science and enjoys bringing this passion to life at the Fool. His investment philosophy is a simple one - buying high-quality companies at prices that make sense. When he’s not researching his next investment at all hours of the morning, Sebastian enjoys classic movies and likes to unwind with a good book, newspaper or record.
Premium Content
Subscriber only The story of a hatchling who came into the care of Sea Life Sunshine Coast has been turned into a beautiful children s book by staff members who helped care for the turtle until its release almost a year later. In honour of World Turtle Day on Sunday, Sea Life has announced the release of the children s book named Iluka the Hybrid Hatchling
after the turtle. The book will raise funds for the care of sea turtles in the wild. Sea Life veterinary nurse Brittany Attwood said she was proud the book would be sold to raise funds for sea turtles.
-3.25% - Elders Ltd (ELD.AX)
Forex: USD thrown overboard again
The dollar was thrown overboard again with the revival of a risk-on appetite, sending the US dollar index
(DXY) back near this week’s lows. A break beneath 89.68 assumes bearish trend continuation and marks 90.29 as a new lower high.
EUR/USD rallied back above 1.2220 but failed to retest it highs. Whilst momentum is pointing higher, we are monitoring its potential to form a bearish wedge reversal pattern. Early days though.
The Canadian dollar was stronger on comments from BOC (Bank of Canada) Governor Tiff Macklem saying there is room for interest rates to go up and his acknowledgement of the overheating housing market.