Bernanke does the Twist and Wall Street leaves the dance floor. Dow down 283.
Greece will now have to wait until next month to find out if it can have its money, while Wall Street prepares for the Fed. Dow up 7.
The latest minutes suggest the RBA is prepared to act with a rate change in which ever direction is required based on global developments.
Market analysts at FXCM suggest with the Australian dollar reversing its recent rally against the US dollar the focus is now on the USD101.10 level.
Newsflow from Europe, and nothing else, is driving this market at present. Dow down 108.
Market analysts at FXCM take the view AUD/USD has broken support and thus offers a trade opportunity.
Market analysts at FXCM suggest the gold chart is displaying a double top setup, which implies a move towards a measured downside target of US$1627.25 per ounce in coming sessions.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Five central banks announced last night they would provide coordinated liquidity facilities to Europe’s teetering banks. Dow up 186.
Given the US dollar rises when the US economy enters or threatens to enter a recession, and to reflect the current issues in Europe, CBA has revised its currency forecasts.