Source: Krish Capital Pty Ltd

Index Update: The Australian market posted gains for a third consecutive day on Tuesday, supported by a fresh record on Wall Street and gains in banks and gold stocks. The S&P/ASX 200 rose 35.00 points, or 0.40%, to close at 8,845.90, moving above its 50-day moving average. Despite the advance, the index has slipped 0.36% over the past five sessions and remains 2.30% below its 52-week high. Eight of 11 sectors finished in positive territory alongside the benchmark index. Materials led the gains, climbing 0.86% on the day and 1.74% over the week. The Financials sector followed with 0.63% gain, with the Big Four banks recording notable increases.

Macro Update: Data from the Australian Bureau of Statistics (ABS) revealed there were 7.7 million families in June 2025, up by more than 1 million compared with a decade earlier. Of these, 1.4 million—or 18.5%—were jobless, including 271,000 single-parent families. Among the 2.2 million couple families with children under 14, almost three-quarters (73%) had both parents employed.

Top Market Movers: Telix Pharmaceuticals Ltd (ASX: TLX) led the gains on Tuesday, rising 9.20% to close at AUD 16.38. Lynas Rare Earths Ltd (ASX: LYC) followed, advancing 8.04% to AUD 16.52, while DroneShield Ltd (ASX: DRO) added 6.95% to finish at AUD 3.54. On the downside, Vault Minerals Ltd (ASX: VAU) topped the decliners, slipping 4.35% to AUD 0.66. Premier Investments Ltd (ASX: PMV) fell 3.79% to AUD 20.34, and Deterra Royalties Ltd (ASX: DRR) eased 3.30% to AUD 4.10.

Commodity Update: The U.S. dollar softened in early Asian trading on Tuesday as Federal Reserve comments guided focus toward upcoming core PCE data. Attention also centred on the global effects of President Trump’s economic policies. Gold gained 0.05% to USD 3,777.10, silver slipped 0.35% to USD 44.05, and copper eased 0.18% to USD 9,983.10. Brent crude fell 0.45% to USD 66.26, pressured by geopolitical tensions in the Middle East and Russia, alongside tariff concerns dampening fuel demand.

Our Stance: The Australian share market extended gains on Tuesday, with the S&P/ASX 200 climbing 0.40% to 8,845.90, supported by gains in banks and gold stocks after Wall Street’s record highs. Sector performance was broadly positive, led by Materials and Financials. In the U.S., optimism around AI continued to drive markets higher, with Nvidia, Apple, and Tesla fuelling the technology-led rally. Locally, ABS data highlighted shifting family employment dynamics, underscoring structural resilience in the labour market. Commodities traded mixed, with gold edging higher, while silver, copper, and Brent crude slipped amid geopolitical concerns and U.S. policy uncertainty. Overall, the market tone appears cautiously constructive, balancing domestic sectoral gains against global economic and policy headwinds.

In its most recent session, the S&P/ASX 200 Index gained 35.00 points to close at 8,845.90, supported by a bullish candlestick pattern and strong trading volumes clear signals of sustained investor confidence. On the daily chart, however, the index continues to trade below its 21-period SMA, which remains a dynamic resistance level and keeps the short-term outlook cautious. A key support zone is identified around 8,750, and holding above this level will be critical for preserving the prevailing uptrend. Upside momentum would be reinforced by a decisive breakout above the 21-SMA, which could open the door to further gains and shift sentiment more firmly in favor of the bulls. From a broader perspective, the index’s continued position above the 50-period SMA on the weekly chart highlights a resilient long-term bullish structure, underscoring strength across multiple timeframes.