The XJO is expected to edge lower on open this morning following a small pullback from the U.S last night. Our market is consolidating near the bottom of the range whilst it waits and sees how the U.S trades from here. Yesterday, we didn’t feel confident enough to price in their previous night’s gains. Instead,
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The XJO is expected to edge higher on open this morning following a strong rally in the U.S overnight which saw their market bounce from their key support at 4,330. However, their futures sit mildly in the red and much of the rally came from tech stocks. Yesterday we held our lows into the close
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The XJO is expected to edge lower on open this morning as weakness and uncertainty continues to underpin markets. The U.S on Friday finished flat, rebounding intraday from key support at roughly 4,330. This should translate to our own market in holding its key support at roughly 7,100. There is also a support at 7,150
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The XJO is expected to open lower once again this morning following another pullback in the U.S overnight. Their futures have also edged into the red. The break lower overseas has certainly been committed to and with no uncertainty as the U.S experienced their third day in a row of bearish movement overnight. Our market
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The XJO is expected to open lower this morning following a pullback in the U.S overnight which saw their market commit to the break of their key support and hold their lows. Their futures have edged into the green however which at least indicates that selling has not snowballed at this stage. Yesterday we had
Read MoreThe XJO is expected to open lower this morning following a pullback in the U.S overnight. Their futures are flat. At this stage we are expected to open right on the 200 day MA which comes in at roughly 7,230, however as market open approaches this could change. Regardless we will trade near the convergence
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