Analysts have done their own stress tests on Euro banks and found disturbing results, sending gold up through 1600. Dow down 94.
Market analysts at FXCM suggest the Australian dollar is likely to weaken against the US dollar given diminishing expectations for further rate hikes by the RBA.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Wall Street gave up a promising start last night on qualification from the Fed chairman. Dow down 54.
Technical market analysts at Barclays continue to see (technical) evidence the second half rally in risk assets remains on the cards.
Guest commentary at FXCM argues in favour of higher prices for the Australian dollar against the greenback.
Bernanke’s QE3 commitment sent Wall Street surging last night before debt ceiling arguments let the wind out of the sails. Dow up 44.
Market analysts at FXCM suggest a major low may be in place for the US dollar as the currency has broken above trendline resistance and exceeded the May high.
Global financial markets were all over the place last night amidst rumours, minutes and downgrades. Dow down 58.
Guest commentary at FXCM suggests a big move lower for the euro against the US dollar is looking increasingly likely.