Forex.com’s Kathleen Brooks looks over the latest movements in FX markets with an eye on the week ahead.
Gold stocks face downgrades, Brent crude should rebound while nickel prices are likely to stay under pressure.
An easing of tension in Egypt, an easing of political tension in Portugal, and dovish commentary from both the ECB and BoE sent European stocks soaring last night in thin trade. (Accessible only for subscribers before 10:15 AEST)
The Chartist reports no sign of a bounce on the charts for Rio Tinto, with further downside more likley.
Strong jobs numbers sent Wall Street off to a positive holiday break, while Egypt took focus and European issues resurfaced. Dow up 56. (Accessible only for subscribers before 10:15 AEST)
JP Morgan suspects it’s time to become overweight commodity indices. Prices for bulks remain under pressure. Goldman hails gold miner plans for quality versus quantity.
More solid US data were met by more world rumblings last night as traders eyed the fourth of July. Dow down 42. (Accessible only for subscribers before 10:15 AEST)
Positive data everywhere but China had global markets on the rise last night, and commodity prices jumping. Dow up 65. (Accessible only for subscribers before 10:15 AEST)
Stockbrokers zoomed in on the upcoming federal elections and the impact for corporate Australia. Plus what will the impact be of a weaker Aussie? More tough times for retailers?
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.