easter spi, page-5

you now, xjo is almost bulletproof bullish for Monday. Not only has the US emloyment data dispelled concerns about US growth for now, but the subseqent 0.43% fall in the aud vs usd means that the 0.14% fall in oil for aussie oil producers is more than offset (net 0.29% rise in oil receipts in aud) and the small 0.07% rise in copper forwards is now worth 0.5% in aud. Mind you, oil imports into australia now cost 0.29% more. All in all, the commodity and aud movements over the weekend have been positive for xjo.