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Will the RBA raise rates today?
The XJO is expected to open flat to higher this morning despite a continued rally in the U.S overnight. Their futures have edged into the red, which may be the reason behind our muted opening. Our market could also simply be cautious that the rally may soon meet some healthy profit taking. Yesterday we managed
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Global markets continue to rally on peak rate hopes
The XJO is expected to open higher this morning following a strong rally in the U.S on Friday. With pricing data easing in the U.S and in Europe, hope was reinstated that we are closer to peak rate hikes. We should open near 7,200 this morning which is where a tentative downtrend line comes in,
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US markets grind higher again, XJO to continue to rally
The XJO is expected to open higher this morning following another strong move higher from the U.S overnight. Their futures however, have edged into the red, which may dampen any expected gains today. Our open this morning should open near some interim resistance at 7,150. The next key level however is likely closer to 7,200
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