The world’s major central banks announced last night they would open swap lines to provide cheap dollar funding for Europe’s troubled banks. Dow up 490.
Market analysts at FXCM view the current rally in the Australian dollar as a corrective move, with further weakness still expected.
A surprising jump in US consumer confidence helped Wall Street to another up day. Dow up 32.
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. FXCM’s James Stanley sees a compelling trading opportunity in AUD/JPY.
Kathleen Brooks of FOREX.com notes the euro has rallied as risk is back on in financial markets but cautions against any sustained move given ongoing uncertainty.
Talk of a tighter fiscal union in Europe helped end a seven-session losing streak on Wall Street last night, while retail sales saw a boost. Dow up 291.
Market analysts at FXCM note commodity currencies underperformed this year and offer reasons why this occurred.
A disastrous bond auction in Germany indicates the world does not want to pay to be the saviour of Europe. Dow down 236.
ATW’s Jerry Simmons retains a bullish view on AUD/USD, EUR/USD and US equities.
The IMF announced liquidity measures to help stem European inflation while the Fed is still holding off on QE3. Dow down 53.