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Good Morning and Welcome to the XJO Wednesday Thread
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News for Today (AEST)
The XJO closed lower on Tuesday, where spread increased, and volume was above average
Price sliced sharply lower from the open, in response to news surrounding a North Korean missile test emerged during the early morning.
So far there has been a measured response from the US, Japan and South Korea, and this saw the close well off the daily lows, which suggests some decent buying emerged later in the day. That support should see price attempt to reverse, however, should tensions escalate further overnight I expect that any (speculative) buying maybe dumped soon after the open today.....
Good Trading and Investing
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