Our market is set to open flat once again following another indecisive night in the U.S. For the past few days their market has retaken intraday losses to finish marginally in the green. Our market has translated this to our own sideward movement, and we should expect the same today. U.S futures are in the
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The XJO is expected to open flat this morning following another tumultuous night of trading in the U.S which saw their market retake intraday losses to finish marginally in the green. Their futures are also flat this morning. Yesterday we managed to hold onto most of our gains as we broke the short-term countertrend higher.
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We continue to trade range bound, with the top of the range being roughly 7,850 to 7,900 (our all-time highs), and the bottom of the range being roughly 7,550 to 7,500. We got within arms reach of the bottom of the range on Thursday and rebounded. Now it looks like we are heading back to
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The XJO is expected to rally on open this morning despite a pullback in the U.S last night. Their futures are also in the red. Perhaps it is because our market has already fallen over 3.5%, where as the U.S has barely fallen half of that, as to why our market is finding strength this
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The XJO is expected to extend its falls again this morning following a pullback in the US overnight. Their futures are also heavily in the red, likely exacerbating our selldown. Yesterday was an unusually large fall on open considering the little leads we got from the U.S the night prior. However at 11:30am AEST, our
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The XJO is expected to tumble on open this morning. The U.S was flat overnight and their futures are also flat this morning. With little to no leads from overseas, our market is expected to pullback out of caution as we head into both a CPI update at 11:30am (AEST), and U.S GDP data on
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