Daily FNArena News - FYI

Australia, New Zealand, Canada, Europe and the UK all make rate decisions this week, while a raft of US data may determine the Fed’s decision for next week.

The US Treasury reveals plans to freeze reset mortgages as the Dow posts up-day number four.

GaveKal’s analysis of its own sentiment indicators suggests the US stock market is technically oversold.

Ben Bernanke suggested that economic data releases between now and December 11 will determine whether the Fed cuts or not.

The Dow did not race up again last night but nor did it race down.

After Abu Dhabi changed the mood on Tuesday, last night the Fed started hinting at a rate cut. Suddenly the market began looking very short – 331 Dow points short.

Weekly musings from your editor. Don’t give up on this year’s Christmas rally too soon.

Is an Arab rescue of Citigroup a turning point in this credit-crunched market?

An Arab capital injection into Citigroup has turned the market on its head. The Dow rallied over 200 points.

Can the euro still rise much further when the ECB is expected to cut interest rates next year?