A dire warning from Hewlett Packard and a technical breakdown in oil offset solid US economic data last night. Dow up 12. (Accessible only for subscribers before 10:15 AEDT)
Technical analysis says the Aussie should go lower, but fundamentally Aussie dollar downside is limited by a capped US dollar.
Madrid has rejected the idea of a bail-out and Wall Street frets over the upcoming earnings season. Dow down 32. (Accessible only for subscribers before 10:15 AEDT)
International developments, which basically means China, has led the RBA to reduce its cash rate against consensus expectation.
The RBA today decided to cut its cash rate by 25 basis points to 3.25%.
A surprising turnaround in US manufacturing sent Wall Street flying until Bernanke cooled the mood. Dow up 77. (Accessible only for subscribers before 10:15 AEDT)
Market analysis by FXCM suggests October might provide huge opportunities for FX traders.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Spain’s budget cuts were well received, as was China’s big liquidity injection. Dow up 72. (Accessible only for subscribers before 10:15 AEDT)
Wall Street continues to slip, quietly, as the quarter-end approaches. Dow down 44. (Accessible only for subscribers before 10:15 AEDT)