ASX 200 on hold until after Fed meeting, energy stocks extend rally, gold stocks lose shine

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Today in Review Major market moves The S&P/ASX 200 (XJO) finished 7.4 points lower at 7,695.8, 0.55% from its session high and smack-bang on its session low. In the broader-based S&P/ASX 300 ...

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In the broader-based S&P/ASX 300 ...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/asx-200-on-hold-until-after-fed-meeting-energy-stocks-extend-rally-gold-stocks-lose-shine\">Source Link</a>\n\n</div>\n","source":"livewire_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ASX 200 on hold until after Fed meeting, energy stocks extend rally, gold stocks lose shine</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX 200 on hold until after Fed meeting, energy stocks extend rally, gold stocks lose shine\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-20 16:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.livewiremarkets.com/wires/asx-200-on-hold-until-after-fed-meeting-energy-stocks-extend-rally-gold-stocks-lose-shine><strong>LiveWire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Today in Review\n\n\n\n\n\n\n\n\n\nMajor market moves\nThe S&P/ASX 200 (XJO) finished 7.4 points lower at 7,695.8, 0.55% from its session high and smack-bang on its session low. In the broader-based S&P/ASX 300 ...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/asx-200-on-hold-until-after-fed-meeting-energy-stocks-extend-rally-gold-stocks-lose-shine\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PRU","symbol_name":"保德信金融","start_time":0,"source_url":"https://www.livewiremarkets.com/wires/asx-200-on-hold-until-after-fed-meeting-energy-stocks-extend-rally-gold-stocks-lose-shine","article_id":"2420798318","we_media_id":null,"thumbnails":[],"rights":{"source":"livewire_stock","url":"https://www.livewiremarkets.com/wires/asx-200-on-hold-until-after-fed-meeting-energy-stocks-extend-rally-gold-stocks-lose-shine","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2420798318","pubTimestamp":1710922155,"sourceInfo":{"source_id":"livewire_stock","name":"Livewire Markets"},"weMediaInfo":null,"summary":"The S&P/ASX 200  finished 7.4 points lower at 7,695.8, 0.55% from its session high and smack-bang on its session low. In the broader-based S&P/ASX 300 , advancers lagged decliners by 130 to 137 – but that makes it three sessions now where it’s almost been a dead heat between the two.The Energy   sector was the best performing sector today, likely in response to another solid gain in crude oil prices. No solid gains in the two major coal contracts, metallurgical and thermal coal, yet coal stocks Whitehaven Coal   and New Hope Corporation   were among the sector's biggest gainers.Also doing well today were uranium stocks, which are recovering along with the uranium price. Check ChartWatch for a closer look at Paladin Energy  .Coal stocks made a mysterious appearance in the top Energy sector gainers list today. The rest of the sectors, on a day where the index barely moved, were a much of a muchness…The previous historical supply zone of 1.26-1.27 now moves to demand, and only historical ","collect":0,"end_time":0,"defaultTopTitle":"livewiremarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PRU":"保德信金融","GDG.AU":"GENERATION DEVELOPMENT GROUP","XKO.AU":"标普/澳交所 300指数","PDN.AU":"PALADIN ENERGY LTD","TUA":"SIMPLIFY SHORT TERM TREASURY FUTURES STRATEGY ETF","LOT.AU":"Lotus Resources","BAP":"Credicorp Ltd","NHC":"National Healthcare Corp","MTS.AU":"METCASH LTD","MRM.AU":"MMA OFFSHORE LTD","NIC.AU":"Nickel Industries Ltd","IPX.AU":"IperionX Ltd","BRN.AU":"BRAINCHIP HOLDINGS LTD","S32.AU":"SOUTH32 LTD","IMD.AU":"IMDEX LTD","FMG.AU":"FORTESCUE LTD","KMD.AU":"KMD Brands Ltd","GQG.AU":"GQG Partners Inc","WHC.AU":"WHITEHAVEN COAL LTD","BVS.AU":"BRAVURA SOLUTIONS LTD","GUD.AU":"GUD Holdings Ltd","WEB.AU":"WEBJET LTD","BLD":"TopBuild Corp.","AGL":"agilon health, inc.","PSQ.AU":"PACIFIC SMILES GROUP LTD","CMM.AU":"CAPRICORN METALS LTD","BVS":"Bioventus Inc.","ORG.AU":"ORIGIN ENERGY LTD","BHP.AU":"BHP GROUP LTD","PSQ":"纳指反向ETF","RED.AU":"RED 5 LTD","ARB.AU":"ARB CORP LTD","BOE":"黑岩全球成长基金","THL.AU":"TOURISM HOLDINGS LTD","ARB":"AltShares Merger Arbitrage ETF","ORG":"The Organics ETF","ILU.AU":"ILUKA RESOURCES LIMITED","WEB":"Web.com Group, Inc. ","LOT":"Lotus Technology","ING.AU":"INGHAMS GROUP LTD","DRR.AU":"DETERRA ROYALTIES LTD","BLD.AU":"BORAL LTD","CU6.AU":"CLARITY PHARMACEUTICALS LTD","BHP":"必和必拓公司","NHC.AU":"NEW HOPE CORP LTD","IPX":"IPERIONX LTD SPON ADS EACH REP 10 ORD SHS","OBM.AU":"ORA BANDA MINING LTD","BOE.AU":"BOSS ENERGY LTD","XJO.AU":"标普/澳交所 200指数","ING":"荷兰国际"},"translate_title":"ASX 200指数在美联储会议后保持不变，能源股延续涨势，黄金股失去光泽","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PRU":1,"KMD.AU":1,"LOT":1,"LOT.AU":1,"MRM.AU":1,"MTS.AU":1,"NHC":1,"NHC.AU":1,"NIC.AU":1,"OBM.AU":1,"ORG":1,"ORG.AU":1,"PDN.AU":1,"IPX.AU":1,"PSQ":1,"PSQ.AU":1,"RED.AU":1,"S32.AU":1,"THL.AU":1,"TUA":1,"WEB":1,"WEB.AU":1,"WHC.AU":1,"XJO.AU":1,"XKO.AU":1,"CMM.AU":1,"ARB":1,"ARB.AU":1,"BAP":1,"BHP":1,"BHP.AU":1,"BLD":1,"BLD.AU":1,"BOE":1,"BOE.AU":1,"BRN.AU":1,"BVS":1,"BVS.AU":1,"AGL":1,"CU6.AU":1,"DRR.AU":1,"FMG.AU":1,"GDG.AU":1,"GQG.AU":1,"GUD.AU":1,"ILU.AU":1,"IMD.AU":1,"ING":1,"ING.AU":1,"IPX":1},"content_text":"Today in Review\n\n\n\n\n\n\n\n\n\nMajor market moves\nThe S&P/ASX 200 (XJO) finished 7.4 points lower at 7,695.8, 0.55% from its session high and smack-bang on its session low. In the broader-based S&P/ASX 300 (XKO), advancers lagged decliners by 130 to 137 – but that makes it three sessions now where it’s almost been a dead heat between the two.\nThe Energy (XEJ) (+0.6%) sector was the best performing sector today, likely in response to another solid gain in crude oil prices. No solid gains in the two major coal contracts, metallurgical and thermal coal, yet coal stocks Whitehaven Coal (WHC) (2.7%) and New Hope Corporation (NHC) (+1.7%) were among the sector's biggest gainers.\nAlso doing well today were uranium stocks, which are recovering along with the uranium price. Check ChartWatch for a closer look at Paladin Energy (PDN) (+5.6%).\n\n\n\n\n\n\n\n\n\nCoal stocks made a mysterious appearance in the top Energy sector gainers list today\nDoing it tough today was the Gold (XGD) (-2.4%) sub-index, perhaps this is no surprise given its candlestick chart as been in a zebra pattern for the last two weeks (see ChartWatch).\n\n\n\n\n\n\n\n\n\nGold stocks lost their shine today\n\nThe rest of the sectors, on a day where the index barely moved, were a much of a muchness…\n\nChartWatch\n\nS&P/ASX All Ordinaries Gold Sub-Index (XGD)\n\n\n\n\n\n\n\n\n\nCoining a new candle pattern: The Zebra!\nCheck out the Zebra pattern on the XGD over the last 2 weeks! It suggests considerable indecision within the demand-supply environment, and is hardly a glowing endorsement for ASX gold stocks.\nStill, it hasn't done a great deal of damage to the prevailing short term trend, and the long term trend ribbon (albeit very flat) is still indicating an uptrend.\nThese two areas are now the key points of dynamic demand going forward. As long as the XGD continues to close above the uptrend ribbons short and long term uptrends are intact.\nSupply is clearly at 7013. It would take a close above this point to reaffirm the short and long term uptrends, and potentially set the XGD up for a move to historical supply at 7571. A close below the uptrend ribbons would likely see historical demand at 6106 come into play.\n\n\nPaladin Energy Ltd (ASX: PDN)\n\n\n\n\n\n\n\n\n\n\nPaladin's short term trend has realigned with its long term uptrend\n\nThere was a resounding show of excess demand in the PDN chart today in the form of a long and full-bodied white candle. The close on the high of the trading session at 1.32 confirms excess demand was working in the system right up until the closing bell.\nThis generally implies unmet excess demand in the system, and which could continue to impact prices in the next session.\nThe short term trend has re-established to the upside, realigning with the long term uptrend. Price action is back to rising peaks and rising troughs. Each suggests accumulation and buy the dip activity.\nThe previous historical supply zone of 1.26-1.27 now moves to demand, and only historical supply at 1.46 stands in the way of new all time highs.\n\nEconomy\nToday\n\nChina 1-year and 5-year loan prime rate announcement\nActual: No change at 3.45% and 3.95% vs forecast no change\n\nLater this week\nThursday\n\n05:00 USA Federal Funds Rate decision, FOMC economic projections, FOMC Statement (forecast no change at 5.5%)\n05:30 USA FOMC Press Conference\n11:00 AUS Employment Change (+40.2k for 4.0% rate forecast vs +500 for +4.1% previous)\n19:15-20:00 EUR Flash Manufacturing PMIs, France, Germany, Europe\n\nFriday\n00:45 USA Flash Manufacturing PMI (51.8 forecast vs 52.2 previous) & Flash Services PMI (52.0 forecast vs 52.3 previous)\nSaturday\n00:00 USA Federal Reserve Chairman Jerome Powell speaks\n\nLatest News\n\nHow to navigate copper's breakout: 29Metals, Aeris Resources, Hillsgrove and Sandfire Resources\nOil prices are soaring: The state of play for ASX 200 energy stocks\nHow Schroders would put $1 million to work in multi-asset investing right now\nWhich ASX commodities (and stocks) provide the best bang for your buck?\nMorning Wrap: ASX 200 to rise, S&P 500 closes at record high ahead of Fed decision\nEvening Wrap: ASX 200 rises on RBA hold and BOJ hike as iron ore rally boosts BHP, RIO & FMG\n\nInteresting Movers\nTrading higher\n\n+12.8% Tuas (TUA) FY24 Half Year Results, rise is consistent with prevailing short and long term uptrends\n+12.5% Iperionx (IPX) No news, initiated at buy at Bell Potter with price target: $3.70, rise is consistent with prevailing short and long term uptrends\n+11.5% Clarity Pharmaceuticals (CU6) No news, rise is consistent with prevailing short and long term uptrends\n+6.9% Deep Yellow (DYL) No news, small rise in uranium price, retained at buy at Bell Potter with price target increased to $1.90 from $1.81, bounced off long term uptrend ribbon\n+6.2% GQG Partners (GQG) No news, rise is consistent with prevailing short and long term uptrends\n+5.6% Paladin Energy (PDN) No news, small rise in uranium price, retained at buy at Citi with price target $1.45, rise is consistent with prevailing short and long term uptrends\n+5.4% Bravura Solutions (BVS) No news, rise is consistent with prevailing short and long term uptrends\n+5.2% Generation Development Group (GDG) No news, small rise in uranium price, initiated at buy at Ord Minnett with price target $2.50, rise is consistent with prevailing short and long term uptrends\n+3.8% Lotus Resources (LOT) Change in substantial holding from MQG (increase), small rise in uranium price, rise is consistent with prevailing short and long term uptrends\n\nTrading lower\n\n-13.0% Brainchip Holdings (BRN) No news, fading fast after Feb's monster (and inexplicable) rally\n-5.9% Ora Banda Mining (OBM) No news, general gold sector weakness, closed below short term uptrend ribbon\n-5.0% Sayona Mining (SYA) No news, fall is consistent with prevailing short and long term downtrends\n-5.0% Vulcan Energy Resources (VUL) No news, heat coming out of recent short covering / batter metals & tech rally, fall is consistent with prevailing long term downtrend\n-4.7% Tourism Holdings Rentals (THL) No news, fall is consistent with prevailing short and long term downtrends\n-4.3% Red 5 (RED) No news, general gold sector weakness\n-4.2% South32 (S32) Australia Manganese Update, falls in key base metals aluminium, nickel, copper and zinc\n-4.1% Ebos Group (EBO) No news, closed below long term downtrend ribbon, fall is consistent with prevailing long term downtrend\n-3.9% Peter Warren Automotive Holdings (PWR) No news, fall is consistent with prevailing short and long term downtrends\n-3.8% Perseus Mining (PRU) No news, general gold sector weakness\n-3.8% Capricorn Metals (CMM) No news, general gold sector weakness\n-3.8% Nickel Industries (NIC) No news, retained at buy at Bell Potter but price target cut to $1.50 from $1.53, fall in the nickel price\n\n\nBroker Notes\n\n\nAGL Energy (AGL)\n\nRetained at neutral at Macquarie; Price Target: $9.60\nRetained at equal-weight at Morgan Stanley; Price Target: $9.99\n\n\nARB Corporation (ARB) Retained at buy at Citi; Price Target: $44.90\nArafura Rare Earths (ARU) Downgraded to hold from buy at Bell Potter; Price Target: $0.19\nASX (ASX) Retained at underweight at Morgan Stanley; Price Target: $53.50\nAlumina (AWC) Retained at neutral at Citi; Price Target: $1.30 from $1.05\nBapcor (BAP) Retained at neutral at Citi; Price Target: $6.34\nBHP Group (BHP) Retained at buy at Citi; Price Target: $48.00 from $46.00\nBoral (BLD) Retained at hold at Bell Potter; Price Target: $6.75 from $6.24\nBoss Energy (BOE) Retained at outperform at Macquarie; Price Target: $6.00\nDeterra Royalties (DRR) Retained at neutral at Citi; Price Target: $5.20 from $5.00\nDeep Yellow (DYL) Retained at buy at Bell Potter; Price Target: $1.90 from $1.81\nFortescue (FMG) Retained at neutral at Citi; Price Target: $24.50 from $24.00\nGeneration Development Group (GDG) Initiated at buy at Ord Minnett; Price Target: $2.50\nG.U.D. Holdings (GUD) Retained at buy at Citi; Price Target: $12.80\nIluka Resources (ILU) Retained at neutral at Citi; Price Target: $7.70 from $7.60\nImdex (IMD) Retained at overweight at Jarden; Price Target: $2.10\nInghams Group (ING) Retained at buy at Bell Potter; Price Target: $4.35\nIperionx (IPX) Initiated at buy at Bell Potter; Price Target: $3.70\n\nKMD Brands (KMD)\n\nRetained at neutral at Macquarie; Price Target: $0.51 from $0.47\nRetained at equal-weight at Morgan Stanley; Price Target: $0.55 from $0.80\n\n\nMMA Offshore (MRM) Retained at buy at Shaw and Partners; Price Target: $2.60\nMetcash (MTS) Upgraded to buy from neutral at Bank of America; Price Target: $4.90 from $3.20\n\nNew Hope Corporation (NHC)\n\nRetained at neutral at Citi; Price Target: $4.85\nRetained at underperform at Macquarie; Price Target: $4.00\nRetained at hold at Morgans; Price Target: $4.80\nRetained at hold at Ord Minnett; Price Target: $5.70\n\n\nNickel Industries (NIC) Retained at buy at Bell Potter; Price Target: $1.50 from $1.53\n\nOrigin Energy (ORG)\n\nRetained at outperform at Macquarie; Price Target: $9.29\nRetained at equal-weight at Morgan Stanley; Price Target: $8.88\n\n\nPaladin Energy (PDN) Retained at buy at Citi; Price Target: $1.45\nPremier Investments (PMV) Retained at buy at Citi; Price Target: $30.20\nPacific Smiles Group (PSQ) Retained at overweight at Morgan Stanley; Price Target: $1.90\nRio Tinto (RIO) Retained at buy at Citi; Price Target: $137.00 from $139.00\nSouth32 (S32) Retained at buy at Citi; Price Target: $3.50\nTreasury Wine Estates (TWE) Retained at neutral at Citi; Price Target: $11.52\nWebjet (WEB) Retained at buy at Jarden; Price Target: $8.80\nWhitehaven Coal (WHC) Retained at buy at Citi; Price Target: $9.00\nWoolworths Group (WOW) Downgraded to neutral from buy at Bank of America; Price Target: $33.30 from $37.40\n\n\nScans\n\n\n\n\n\n\n\n\n\n\nView all top gainers                                                                 View all top fallers\n\n\n\n\n\n\n\n\n\n\nView all 52 week highs                                                           View all 52 week lows\n\n\n\n\n\n\n\n\n\nView all near highs                                                                   View all RSI oversold\n\nThis article first appeared on Market Index on Wednesday 20 March 2024.\n\n\n\nNever miss an update\n\n    Enjoy this wire? Hit the ‘like’ button to let us know. \n    Stay up to date with my current content by \n    following me below and you’ll be notified every time I post a wire","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2420798318"}