Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Forex.com’s Kathleen Brooks sums up what’s moving markets and attracting attention of the world’s investors.
Market analysts at FXCM suggest the US dollar is being supported by less dovish Fed commentary, while the Australian dollar has failed to hold technical support.
It was a “risk off” session as weak data from both Europe and China gave Wall Street a good excuse to sell. Dow down 78. (Accessible only for subscribers before 10:15 AEDT)
Market analysts at FXCM note with the Australian dollar piercing USD104.20, trend indicators are starting to turn bearish.
Wall Street is struggling to post further gains with last night seeing familiar last minute selling. Dow down 45. (Accessible only for subscribers before 10:15 AEDT)
CIBC World Markets suggests the old risk-on, risk-off mantra for the US dollar no longer applies, the euro could come under additional pressure and the Aussie dollar could fall to parity against the greenback.
Chinese demand growth for iron ore is slowing, said BHP yesterday, and last night Wall Street panicked. Dow down 68. (Accessible only for subscribers before 10:15 AEDT)
The positive vibe continues on Wall Street with surging Apple shares at the helm. The Dow was only up 6 points last night but the Nasdaq rose 0.8%. (Accessible only for subscribers before 10:15 AEDT)
Market analysts at FXCM caution the US dollar could experience heavy selling if the market’s risk appetite holds.