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The Australian share market is set to have a sluggish lift of 0.1%. Just 1 day out from the U.S. election, investors bought the dip, pushing up key U.S. indices such as the S&P500, Dow Jones, and Nasdaq rising 1.2%, 1.6%, and 0.4% respectively.

In commodities, Oil gained 3.7% rising to US$37.12, while gold commenced US$1,896.

What to watch today:
-         The RBA meets, with rates expected to be cut to 0.1%
-         Additionally, the RBA is set to announce more bond buying, with at least $5 billion a month in order to get more money in the economy.

Local trading ideas:
-         UBS increased CSR’s (ASX:CSR) buy rating and price target to $5.19
-         ResMed (ASX:RMD) was yesterday upgraded by Credit Suisse, Macquarie, UBS, and Wilsons. Credit Suisse is the most bullish with a target of $31
-         UBS reiterated Westpac (ASX:WBC) as a buy with a $20.50 price target, after the bank announced what some would call a multi-year turnaround report card.
-         Lastly, Trading Central’s technical analysis suggests that Amaysim (AYS), Ansell (ANN) and Bellevue Gold (BGL) are all showing bullish signals