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Morning Update – US markets take aim for all-time highs
- Review
- November 16, 2020
XJO to end the week on a high
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- October 4, 2019
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Shares skyrocket higher after US CPI comes in lower than expected
The XJO is expected to open higher this morning following an extraordinary move higher in the U.S overnight. Their move was largely on the back of a lower CPI reading that vindicated pundits whom believe the Fed tightening cycle is at an end. Their futures are also in the green. With the U.S crystalising their
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Prices continuing higher on peak rate hopes, XJO to jump
The XJO is expected to open higher this morning following a flat US overnight. Their futures are also flat. The fact they held gains despite what their negative futures heralded yesterday is likely giving our market the confidence it needs to perhaps start pricing in their break higher on Friday. Our market held the consolidation
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Some selling creeps in after days of strong gains
The XJO is expected to edge lower on open this morning following a sell-off in the U.S overnight. Their futures are flat this morning which at least would indicate that the selling hasn’t extended yet. Powell set the record straight overnight, pulling inline market pundits who have been buying up the U.S markets on the
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US markets stall, but don’t fall
The XJO is expected to edge higher on open this morning following a U.S overnight that showed a continued willingness to hold their highs. Their futures are flat this morning. Markets are consolidating at the top of the range as they hold their highs but are unwilling to break through key resistance. Our market is
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Can our market shake off the rate rise?
The XJO is expected to open flat this morning following another small rise in the U.S overnight. Yesterday the RBA raised the cash rate by 25 basis point from 4.1% to 4.35%. The statement was rather wishy-washy, but indicated that they feel we have seen peak inflation and that it would be likely unnecessary to
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US markets slow as Australian focus turns to RBA
The XJO is expected to edge lower on open this morning despite a small rise in the U.S overnight. We are likely being cautious as we head into the pivotal RBA meeting today at 2:30pm (AEDT). In addition, U.S futures have edged into the red, and we are trading at resistance. Yesterday we failed at
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