The XJO is expected to open mildly higher following a similar move from the U.S last night and their positive futures this morning. Yesterday we practically rebounded off key resistance at 7,900 intraday and pulled back to give up most of the day’s gains. We settled back on the 50 day MA, which is also
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The XJO is expected to rally on open this morning following a strong move higher in the U.S overnight. Their futures have edged into the red. We are expected to open near 7,850 at time of writing, however CBA reported this morning, and the market will likely still be digesting it. Considering CBA is the
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The XJO is expected to rally on open this morning following a rebound in the U.S overnight. U.S futures are also in the green. We should open near 7,775 and with green U.S futures we should push further. Due to our market tracking sideward in tight range for much of this year, there is practically
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The XJO is expected to fall on open this morning. U.S futures yesterday heralded a positive market last night, however they shed all their intraday gains to finish marginally in the red. Our market will give up all of yesterday’s meagre gains in response, with an expected open near 7,670. U.S futures have also dipped
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The XJO is expected to edge lower on open this morning. Last night the U.S rebounded, much like we did yesterday, but gave up roughly half their intraday gains by close. Their futures have edged into the red, likely contributing to our muted open this morning. Markets have paused for now. Our market found support
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The XJO is expected to open flat this morning. The U.S had another strong night of falls, which were heralded by their futures yesterday. Our muted open likely indicates that we had already priced in their expected falls during our session yesterday. Furthermore, their futures have moved strongly in the green this morning. This could
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