It was a weak session for US earnings reports, but Wall Street was turned around by economic data and in the background, Spain avoided junk status. Dow up 5. (Accessible only for subscribers before 10:15 AEDST)
More earnings beats, solid economic data, a change of regime at Citigroup and unconfirmed news from Spain all conspired to push Wall Street ever higher. Dow up 127. (Accessible only for subscribers before 10:15 AEDST)
CBA research questions whether gold is truly a safe haven or whether other financial instruments are preferred over the precious metal.
A solid result from Citigroup had Wall Street thinking maybe earnings expectations are too negative. Dow up 95. (Accessible only for subscribers before 10:15 AEDST)
In the view of CBA there is growing risk the Bank of Japan intervenes to weaken the yen, which could open up some trading opportunities.
Market analysts at FXCM offer some tips on mastering one of the most difficult things to do in Forex trading, spotting price reversals.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
With the AUD/USD cross less relevant as a sentiment read, CBA sees good opportunity in the EUR/JPY.
Spain is downgraded, putting more pressure on Madrid, while Apple’s influence on US indices continues to be significant. (Accessible only for subscribers before 10:15 AEDST)
Spain, Greece, US earnings, economy downgrades, the fiscal cliff – eventually something had to give. Dow down 128. (Accessible only for subscribers before 10:15 AEDST)