Index Alerts

XFJ is in a prime position to move up on a higher interest rate outlook

Posted on by braden
24
Jan

Potential Buy Alert XFJ

XFJ – S&P/ASX 200 Financials Index

The XFJ financials Index is showing some promising signs as we see the index in a prime position to build a move higher. With the potential for interest rate rises in Australia in 2018, we see the banks as having the potential to drag the index higher. There is still some issues to work through for the banks, but the groundwork is being laid for a move up.

 

Index Code : XFJ – S&P/ASX 200 Financials Index

Current Price : 6502

Status : On watch for move higher

 

braden