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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The XJO is expected to edge higher on open this morning following a continued rally in the U.S on Friday. Their futures have also edged into the green. The U.S is showing extraordinary strength, having rallied roughly six per cent over the past five sessions. On one hand, this instils confidence that the bulls have
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The Australian market should open strongly higher again today after another big jump from US shares overnight. Our XJO futures are pointing to a rise of around 70 points on open, which should see us open not too far below the key 7,000 point level. All major sectors of the US markets rose strongly overnight,
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The XJO is expected to open higher this morning after another strong night of gains in the U.S. Despite a cautionary tone from the Fed, their market rallied back to their 200 day MA following the interest rate decision to leave the cash rate on hold. Our market is finally set to share in some
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The XJO is expected to open higher this morning following a continued move higher in the U.S overnight. Yesterday we tried to follow them higher from their initial rebound on Monday night, however we seemed to just give up halfway through the day to give up virtually all the opening rally. Considering the negativity underpinning
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The XJO is expected to open higher following a strong rebound in the U.S overnight. Their futures are flat this morning. The rebound is likely built simply on oversold conditions attracting bargain chasers, and so it is hard to suggest it will be anything but a relief rally with a finite life. We will test
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