The XJO is expected to edge lower on open this morning following a flat night in the U.S which saw their market hold their key resistance. Weakness is also likely stemming from their negative futures this morning. Yesterday we had a strong rally to follow the U.S’s extraordinary break higher on Tuesday night. Their market
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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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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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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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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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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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