Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Westpac says down, ANZ says up. Who’s right?
A failed rally last night suggests Wall Street is positioning with caution ahead of the deadline. Dow down 62.
Market analysts at FXCM suggest while the Australian dollar is at fresh record highs against the US dollar, further gains are likely short-term.
More selling saw the S&P 500 breach it’s 50-day MA last night, sparking a lot more selling. Dow down 198.
RBA governor Glenn Stevens suggests the Australian consumer won’t be cautious forever, but he does believe productivity is the key to eternal happiness.
Market analysts at FXCM suggest the Australian dollar is looking at record highs against the greenback as the US dollar index threatens its trend.
The White House announced it would veto the Republican bill and Wall Street turned cautious once more. Dow down 91.
The TechWizard reports technical indicators are pointing towards another rally for AUD/USD.
A cautious Wall Street awaited an after-market announcement from the Republicans. Dow down 88.