It’s an anxious fingers crossed on a flighty Wall Street as we head into the ECB and EU meetings over the next couple of days. Dow up 46.
ATW’s Jerry Simmons explains why EUR/USD might be showing the way for global risk assets.
Market analysts at FXCM see a potential short-term triangle forming in the Australian dollar, suggesting a break to higher levels if the pattern develops further.
EFSF, ESM or both? Either way, the tentative rally continues. Dow up 53.
The RBA decided today to reduce its cash rate by 25bps to 4.25%.
S&P decided to put of all northern Europe on negative watch last night in a move that had sane people laughing hysterically. A rally on Wall Street was crimped. Dow up 78.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Market analysts at FXCM suggest recent moves in the Australian dollar against the greenback leave US100.80c as near-term support for the currency.
Markets took a breather last night after global PMIs painted a less than rosy picture. Dow down 25.
Barclays Capital’s analysis of seasonal trends shows December tends to be a good month for equities and fixed interest markets but more mixed for currencies and commodities.