Finspiration Australia. Chart Analysis for Australian and International Stock Markets.

 16/6/22.  Overnight.

The American Federal Reserve increased interest rate by +0.75%.  That didn't phase the market - that news was already priced into stocks.  European bonds had rallied earlier in the session sent sent Euro stocks higher, and the U.S. followed suit.

Dow Jones +1%.  SP500 +1.48%.  Nasdaq +2.5%.  Small Caps +0.88%.  Banks +1.58%.

SP500

SP500 rose yesterday after leading indicators like MACD and Histogram were showing positive divergences.

Stochastic is lifting up but still in the oversold range.  A rise above 20 would give a short-term buy signal.

Commodities.

Commodities Index flat +0.07%, after Energy fell -0.47%, but Base Metals up strongly +1.97%.  Agriculture also flat +0.05%.  Gold up +1.31%.

Iron Ore down -2%.  Thermal Coal +0.7%.

Overnight oz Futures +0.3%.  That looks relatively pessimistic.