FOREX.com has offered its expectations for the June quarter, seeing a tougher outlook for equity prices but a solid outlook for commodities.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
The Dow was down 94 points early on week data and a weak oil price but recovered to close up 19. (Accessible only for subscribers before 10:15 AEDT)
The eurozone was headed for second, crisis-related credit crunch late last year but action by the ECB has now stabilised markets, Danske Bank suggests.
Market analysts at FXCM see scope for further weakness in the Australian dollar and british pound but a continuation of the euro’s short-term uptrend against the US dollar.
A weak durable goods result was the main catalyst for more profit-taking on Wall Street last night. Dow down 71. (Accessible only for subscribers before 10:15 AEDT)
Wall Street was steady all day up until the traditional last half hour square-off. Dow down 43. (Accessible only for subscribers before 10:15 AEDT)
Kathleen Brooks of FOREX.com discusses recent comments from Fed Chairman Ben Bernanke and financial markets’ response.
A speech by Ben Bernanke hinted QE3 was not off the table at all. Dow up 160. (Accessible only for subscribers before 10:15 AEDT)
With a recovery in Japanese exports underway the yen should see some support, leading ANZ Bank to suggest the currency’s recent weakness against the US dollar should reverse.