Worth having a closer look at the double POMO, and how it affected the US trading session. So there was $1.5-2.5 billion in the usual 10:15 to 11 am timeslot, then for the double whammy, there was an afternoon purchase of $6-8 billion between 1:15 and 2pm. So the afternoon POMO was in quiet afternoon trade after the European close. So they pumped that much money into the goldman sucks to in turn put into a low volume market, and whattaya know - you get a rally.
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Last
8,590.7 |
Change
1.400(0.02%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.1 | 8,610.0 | 8,550.2 |
| XJO (ASX) Chart |