RBA raised interest rates today by +0.25%. They had to do that because they wouldn't dare do it in December? Who knows.
It seems the market wasn't too fazed by the action. It gyrated a bit at 2.30 when the announcement was made but then settled down. XJO finished down -0.28%.
XJO has failed at a minor horizontal resistance level, but the pull-back so far hasn't been gut-wrenchding, leaving open the possibility of further upside.
Today saw intra-day buying, partly after the interest rate announcement - but nothing dramatic.
Today's candle finished above the 3-Day MA so the up trend remains in place.
Best performing sector today was IT (XIJ), up +1.44%. Worst was XXJJ (Financials) down -1.04%. Materials (XMJ) was flat -0.09%.
In early trading, European STOXX600 is flat 0.00%. Dow Futures -0.19%. Oil is down -1.95% - that might help the American market later in trading if the Oil price stays down. Stocks/Oil tend to be inversely correlated.
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