Currencies

Surprising as it may seem, ATW’s Jerry Simmons spotted some positive market signals for equities last week.

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

ECB intervention confusion in Europe sent a fragile market over the edge last night as margin call selling affected an accelerating slide. Dow down 512.

Wall Street managed to turn another sharp loss into a small gain last night as buyers took advantage of what they see as oversold conditions. Dow up 29.

A snapshot of economist responses to today’s Australian retail sales and trade balance data.

The debt deal was a mere distraction from the reality of a weakening US economy. Dow down 265.

The RBA’s statement had a much damper tone to it this month as it left rates on hold. But don’t get comfortable.

Barclays Capital has analysed seasonal trends for August and notes equities, energy and bonds tend to perform well, base metals struggle and the US dollar is mixed.

Forget the debt ceiling – global manufacturing PMIs tell a sorry tale. Dow down 10.

While the US dollar has opened stronger today on reports of a US debt ceiling agreement, CBA doesn’t see any relief rally as sustained and so suggests selling the greenback into strength.