Global markets lost confidence in Italy last night as the European crisis stepped up to a new level. Dow down 151.
Market analysts at FXCM expect the Australian dollar will test its range against the US dollar as investor risk sentiment is wavering.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
ATW’s Jerry Simmons believes EUR/USD is preparing for a Big Breakout, but into which direction? Also, he studies some recurring patterns for equities.
Positive news from all quarters sent Wall Street up again last night and commodities surged. Dow up 93.
Market analysts at FXCM suggest while the Australian dollar may be headed fror fresh highs in coming months, short-term a test of support at 106 is likely.
Amidst a Chinese rate hike and concerns over Portugal, Wall Street remained stoic on light volume. Dow up 56.
Market analysts at FXCM suggest current COT positioning gives an indication of potential weakness in the commodity currencies.
An audit of local government debt has set off alarm bells over China’s actual debt to GDP ratio but economists agree there is no Greek-style debt crisis in the offing.
A warning on China’s debt levels and a downgrade of Portugal by Moody’s failed to spook Wall Street last night after a solid week. Dow down 12.