EWA iShares MSCI Australia ETF

$EWA $FLAU ASX will launch an index that reflects conditions in the domestic secured funding market in an effort to improve transparency

$EWA • ⚪ CONSOLIDATION SMC SETUP 🏛️ INSTITUTIONAL PRE-BELL ORDER FLOW • Spot: 8,703.90 | ⚪ CONSOLIDATION • Valuation: NEUTRAL • Dealing Range: 8,613.20 ➔ 8,808.40 • Refined Demand (+OB): Structural base • Overhead Supply (-OB): 8,804.40 – 8,807.90 • Buy-Side Liquidity (PDH): 8,753.90 [UNTOUCHED] • Sell-Side Liquidity (PDL): 8,703.30 [SWEPT] • Imbalance (50% CE): Balanced tape Full algorithmic levels & execution rules on chart card. #SmartMoneyConcepts #Trading #PriceAction #OrderFlow

$EWA • ⚪ CONSOLIDATION SMC SETUP 🏛️ INSTITUTIONAL PRE-BELL ORDER FLOW • Spot: 8,701.40 | ⚪ CONSOLIDATION • Valuation: NEUTRAL • Dealing Range: 8,613.20 ➔ 8,808.40 • Refined Demand (+OB): Structural base • Overhead Supply (-OB): 8,804.40 – 8,807.90 • Buy-Side Liquidity (PDH): 8,753.00 [UNTOUCHED] • Sell-Side Liquidity (PDL): 8,686.40 [SWEPT] • Imbalance (50% CE): Balanced tape Full algorithmic levels & execution rules on chart card. #SmartMoneyConcepts #Trading #PriceAction #OrderFlow

$EWA • ⚪ CONSOLIDATION SMC SETUP 🏛️ INSTITUTIONAL PRE-BELL ORDER FLOW • Spot: 8,732.30 | ⚪ CONSOLIDATION • Valuation: NEUTRAL • Dealing Range: 8,613.20 ➔ 8,808.40 • Refined Demand (+OB): Structural base • Overhead Supply (-OB): 8,804.40 – 8,807.90 • Buy-Side Liquidity (PDH): 8,735.60 [SWEPT] • Sell-Side Liquidity (PDL): 8,678.20 [UNTOUCHED] • Imbalance (50% CE): Balanced tape Full algorithmic levels & execution rules on chart card. #SmartMoneyConcepts #Trading #PriceAction #OrderFlow

$EWA The RBA did what was priced: +25bp to 4.60%, unanimous, the fourth hike of 2026 and the highest cash rate since 2011. The statement is what moved. The board said the Middle East conflict has broadened and global energy prices are now much higher than its August forecasts. And it named a new driver: AI-related demand is driving rapid growth in global prices for technology-related goods. The board left the door open: it will raise further "if needed." ANZ sees 4.85% in November; CommBank and Westpac expect a hold. For EWA the composition is the read: the four big banks plus Macquarie are about a third of the ETF. Higher rates support NIMs, but unemployment just hit a five-year high at 4.6%, which bounds how much of this banks can pass through. ASX was flat (+0.08%) on the day. The priced hike is in. The terminal rate is not.

$EWA Australia gets its rate decision Tuesday, and the hike itself is almost a formality: all four major banks expect the RBA to raise 25bp to 4.60%, and markets are pricing roughly a 95% chance. That would be the fourth hike this year and the highest cash rate since 2011. The EWA angle is composition. The four banks (CBA 12.6%, NAB 6.0%, Westpac 5.9%, ANZ 5.7%) plus Macquarie at 4.4% make up about a third of the ETF. A hike supports net interest margins, but unemployment just hit 4.6%, a five-year high. Mortgage pricing and arrears will decide how much reaches earnings. The real question is what Governor Bullock says about November. ANZ expects another hike to 4.85%. The futures curve sits near 5.0% by mid-2027. The decision is priced. The terminal rate is not.