Day Trading Pre Open - 23 January 2018, page-5

Morning Traders my notes are very brief today - so .....

The Australian market had a dreadful day yesterday which brought the XJO back into the support area. We should be able to see a rally from here but unless we see the leaders pick up – and need I mention…… the banks – any strength will only be short lived.

And just one other point – everyone is aware of how much the Australian dollar has firmed recently but I think the degree of the rise in rates is going a bit unnoticed. As an example three year government bonds have gone from 1.90 to 2.24 since November and was as low as 1.65 in the middle of last year.