Momentum from last week has continued today with rise of 0.8%, the market gaining ground on the open and through early afternoon before fading a bit into the close. This came despite a flat session on US markets on Friday night, although the futures have been higher in the night session – up around three quarters of a percent at the time of writing. The XJO is now at the top of the range that it has been trading in over the last few months so it would come as no surprise if we saw some consolidation or a pull back around these levels. For now, the trend remains up and all systems on, with news out of Europe seemingly continuing to dominate the market sentiment.

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