you now, xjo is almost bulletproof bullish for Monday. Not only...

  1. 9,803 Posts.
    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.
 
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