{"id":42066,"date":"2025-07-30T11:36:17","date_gmt":"2025-07-30T11:36:17","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/07\/30\/asx-200-index-forecast-can-it-hit-9k-as-australia-inflation-plunges\/"},"modified":"2025-07-30T11:36:17","modified_gmt":"2025-07-30T11:36:17","slug":"asx-200-index-forecast-can-it-hit-9k-as-australia-inflation-plunges","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/07\/30\/asx-200-index-forecast-can-it-hit-9k-as-australia-inflation-plunges\/","title":{"rendered":"ASX 200 Index forecast: can it hit $9k as Australia inflation plunges?"},"content":{"rendered":"
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The ASX 200 Index continued its strong rally this month. It has jumped in the past four consecutive months, reaching a record high of A$8,776, up by over 22% from the lowest level in April.<\/p>\n

Australia inflation and RBA decision<\/h2>\n

The ASX 200 Index continued its strong rally after Australia published the latest consumer price index (CPI) data on Wednesday. <\/p>\n

This report showed that the headline consumer inflation rose 0.7% in the second quarter and 2.1% annually. The CPI has been in a strong downtrend after peaking at 7.8% after the COVID-19 pandemic and is now hovering near the lowest level since the March 2021 quarter. <\/p>\n

This annual inflation figure moved to 2.1%, down from 2.4% in the first quarter as it continues to near the RBA\u2019s target of 2.0%. This inflation dropped because of a sharp decline in automotive fuel prices, but was offset by an increase in food inflation.<\/p>\n

Additional inflation data revealed that the weighted mean CPI decreased from 2.9% in Q1 to 2.7% in Q2, while the trimmed mean figure also dropped to 2.7%. These numbers are important because they trim the most volatile items. In a statement, a Bloomberg analyst said<\/a>:<\/p>\n

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\u201cIn our view the latest inflation reading points to the RBA continuing with a gradual pace of easing. We expect 25-bp rate cuts in August and November, with further easing to follow in 2026.\u201d<\/p>\n<\/blockquote>\n

Australia stocks and bonds<\/h2>\n

The ASX 200 Index jumped due to rising hopes that the RBA will cut interest rates<\/a> at its upcoming August meeting. Rate cuts incentivize more people to invest in the stock market as the bond market returns fall.<\/p>\n

Data shows that Australian 10-year bond yields dropped to 4.271%, down from this month\u2019s high of 4.440%. It has moved from last year\u2019s high of 4.72% as interest rates have fallen. <\/p>\n

Most Australian stocks rose in the green this week. The Pilbara Minerals share price jumped by 5.52% on Wednesday, while banks like Commonwealth Bank of Australia (CBA), Westpac Banking, Bank of Queensland, and National Australian Bank (NAB) jumped by over 2%.<\/p>\n

The next key catalyst for the ASX 200 Index will be the upcoming Federal Reserve interest rate decision<\/a>. <\/strong>Economists believe that the bank will leave interest rates unchanged.<\/p>\n

ASX 200 Index technical analysis<\/h2>\n
<\/figure>\n

ASX 200 Index chart | Source: TradingView<\/a><\/p>\n

The daily chart shows that the ASX 200 Index has been in a strong bull run in the past few months. It moved from a low of A$7,145 in April to the all-time high of A$8,768. <\/p>\n

The index has moved above the important resistance level at A$8,623, the highest swing on February 25. It has moved above the 50-day and 200-day Exponential Moving Averages (EMA). <\/p>\n

The Relative Strength Index (RSI) and the Stochastic Oscillator have all pointed upwards. It has also moved to the ultimate resistance of the Murrey Math Lines at $8,750. <\/p>\n

The potential target of the ASX 200 Index will be the extreme overshoot point at A$9,062, up by 3.8% from the current level. A move below the support at A$8,623 will invalidate the bullish view. <\/p>\n

The post ASX 200 Index forecast: can it hit $9k as Australia inflation plunges?<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The ASX 200 Index continued its strong rally this month. It has jumped in the past four consecutive months, reaching a record high of A$8,776, up by over 22% from the lowest level in April. Australia inflation and RBA decision The ASX 200 Index continued its strong rally after Australia published the latest consumer price <\/p>\n","protected":false},"author":1,"featured_media":42067,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-42066","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/42066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=42066"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/42066\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/42067"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=42066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=42066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=42066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}