Currencies

Oil has bounced but otherwise no one is entirely sure why Wall Street posted its best session in two months. Dow up 222. (Accessible only for subscribers before 10:15 AEST)

The Aussie dollar has retreated since the RBA cut its cash rate but CBA economists believe weakness will not be sustained.

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Wall Street closed flat last night as traders await tonight’s US jobs report. Dow up 9. (Accessible only for subscribers before 10:15 AEST)

Wall Street was back to concentrating on economic data last night and the picture is not so rosy. Dow down 99. (Accessible only for subscribers before 10:15 AEST)

The RBA’s clear concern over inflation suggests to economists another rate cut will follow, most likely in August.

Market analysts at FXCM suggest the breach of US75c should see the Aussie heading to below 74c.

It’s not often you hear Wall Street commentators citing Australian monetary policy as a reason for selling in US stocks. Dow down 140. (Accessible only for subscribers before 10:15 AEST)

The Buffet effect was cited as reason the month of May began on Wall Street with a rally, albeit lacking conviction. Dow up 117. (Accessible only for subscribers before 10:15 AEST)

Negative comments from a billionaire investor saw Wall Street breach support levels and head south in a hurry in late trade. Dow down 210. (Accessible only for subscribers before 10:15 AEST)