@allordinaries
Last week, ASX All-Ordinaries Index (.AORD) settled on a bearish note, following the negative move from the US equity markets.
ASX All Ordinaries Index (.AORD) Market Round-Up
Last week, ASX All-Ordinaries Index (.AORD) settled on a bearish note, following the negative move from the US equity markets. Notably, .AORD settled at 7484.00 with a loss of 0.38% for the week ending March 03, 2023. The recent move in the domestic indices is majorly led by the bearish indications from the global equity markets.
On the technical front, the prices are taking support from the falling trendline and are sustaining above the trendline support. Moreover, the prices are trading above the 21-period SMA and 50-period SMA, indicating the possibility of a further upside move. The upcoming macroeconomic events that may impact the market sentiments include an update on the RBA Rate Statement, US ADP Non-Farm Employment Change, and US Unemployment Claims, etc., released weekly.
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