The XJO is expected to open flat this morning despite a meek pull back in the U.S following a night of indecisive trading. Their futures have edged into the green. Yesterday we bounced intraday from key support at roughly 7,280 to 7,300 and this morning we are likely to test it again. U.S futures remained
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The XJO is expected to open lower this morning following a pullback in the U.S overnight. We are likely to test and hold key support at roughly 7,280 to 7,300 this morning. U.S futures have moved into the green and if they remain so during our session today it may translate to most of our
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The XJO is expected to open lower this morning following both a similar move from the U.S last night and their negative futures this morning. Yesterday we held 7,470 once again to finish on 7,450. These levels are roughly proving to be the new resistance for our market. There is a short-term decelerated uptrend line
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The XJO is expected to edge higher on open this morning following a similar move from the U.S last night and their flat futures this morning. The past couple of sessions have shown our market being indecisive yet volatile as we track sideward at the top of the range. We are currently using the previous
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Our XJO is expected to open around 7,425 index points today after US markets jumped on further signs that inflation is cooling. Our own economic data on Friday pointed to a large drop in retail sales, which is also a deflationary sign. Overall, the past few weeks have shown signs for Australian markets that interest
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The XJO is expected to come back down to about 7,400 index points today following selling in US markets overnight, though their futures have gone modestly into the green since their close. Our market has been flying higher following the lower-than-expected CPI (QoQ) reading on Wednesday and yesterday we rallied back to 7,450. Today we
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