The Fed has collectively indicated tapering will commence sooner rather than later, but we sort of knew that anyway. (Accessible only for subscribers before 10:15 AEDST)
Nick Linton-Ffrost of Fifth Wave suggests a short-term trading idea in National Bank.
Wall Street continues to fumble around big figure resistance ahead of a speech by the Fed chairman. Dow down 8. (Accessible only for subscribers before 10:15 AEDST)
A glance through the latest expert views and predictions about commodities. Strict new warehousing rules implemented by the London Metal Exchange will hurt metal prices (particularly aluminium), producers, and potentially the LME itself, analysts contend.
The major US indices touched psychological resistance levels last night before turning tail. Dow up 13. (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.
Jonathan Barratt of Barratt’s Bulletin is among those disappointed with a lack of reform announcements from China, suggesting a long-expected bounce in copper is some way off.
Fed chair nominee Janet Yellen surprised no one with a dovish testimony last night. Dow up 54.(Accessible only for subscribers before 10:15 AEST)
Bridge Street took an overdue dive yesterday, but last night wall Street anticipated a positive testimony from the Fed chair nominee. Dow up 70. (Accessible only for subscribers before 10:15 AEST)
Copper appears to be following iron ore’s theme and zinc prices are looking better. Analysts also take a look at China’s coal imports and industry.