Charts & Notes: Week 17, 2026
Your thesis is that Australia's fuel supply situation explains weakness in its equity index,
but have you looked at the extreme strength of AUD/USD throughout this period?
See this graph of YTD out performance of the ASX200 (XJO) in USD compared to SPX:
https://www.tradingview.com/chart/8MdqfdMq/
Sure, but the currency only matters in so far as it affects earnings rather than a full conversion on the price. The ASX is primarily held by AUD based investors. Also I would wager foreigners would hold it on a hedged basis as well...
Your thesis is that Australia's fuel supply situation explains weakness in its equity index,
but have you looked at the extreme strength of AUD/USD throughout this period?
See this graph of YTD out performance of the ASX200 (XJO) in USD compared to SPX:
https://www.tradingview.com/chart/8MdqfdMq/
Sure, but the currency only matters in so far as it affects earnings rather than a full conversion on the price. The ASX is primarily held by AUD based investors. Also I would wager foreigners would hold it on a hedged basis as well...