Approaching aluminium softness, lead to end its run and nickel heading into possible oversupply.
Michael Noonan of Edge Trader Plus provides a technical lesson in assessing commity market trends.
Wall Street quickly forgot about Italy last night on solid housing data and Bernanke’s quashing of QE exit talk. Dow up 115. (Accessible only for subscribers before 10:15 AEDST)
Exit polls swung the Italian election result from apparently positive to apparently negative last night. Dow down 216. (Accessible only for subscribers before 10:15 AEDST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Wall Street fluctuated wildly last night as everyone talked pullback: yes or no and if yes then by how much? Dow down 46. (Accessible only for subscribers before 10:15 AEDST)
The FOMC argued about rolling back QE3 at its last meeting, the minutes of which sent the US dollar surging last night. Dow down 108. (Accessible only for subscribers before 10:15 AEDST)
There appears to be no let-up in investor enthusiasm on either side of the Pacific. Dow up 53. (Accessible only for subscribers before 10:15 AEDST)
Brokers see support for coal prices, Australia moving well ahead of Brazil in iron ore, a little help for alumina prices and softer uranium.
The yen recommenced its slide last night with Wall Street closed, prompting another warning from the ECB. (Accessible only for subscribers before 10:15 AEDST)