Currencies

The latest RBA minutes are outdated, but there remains little indication a rate cut might be forthcoming.

In a quiet session, on low volume, Wall Street returned last night to the point at which it fell on the news of the S&P downgrade. Dow up 213.

Market analysts at FXCM suggest the current congestion in the US dollar market will prove to be temporary, with only a catalyst needed for a renewed dollar trend.

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Down 600 on Monday, up 400 on Tuesday, down 500 on Wednesday, up 400 last night.

Economists discuss the current economic outlook in Australia and compare it to previous periods.

In an educational broadcast, produced 24 hours prior to this week’s FOMC meeting, ATW’s Jerry Simmons explains why equities were ready to rally.

If the US is AA+, how can France be AAA given its exposure to euro-debt? That trickle of concern turned into a flood last night. Dow down 519.

There was no QE3 announced last night but markets have rebounded anyway for the simple reason the buyers have moved in. Dow up 429.

Wall Street tried to recover from an inevitable morning drop but as was the case in Australia yesterday, that recovery failed. Dow down 634.