Market analysts at FXCM continue to see the US dollar index moving towards 9800, while suggesting the Australian dollar is now trading within a descending triangle formation.
European debt fears, Chinese slowing, weakening US data, and a volcano in Iceland. Haven’t we seen this movie before? Dow down 130. (Locked for subscribers until 10:00 AEDT)
The TechWizard warns investors should not underestimate downward potential for AUD/USD.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Market analysts at FXCM suggests the US Dollar Index remains in an uptrend, with the next target at 9800 as risk aversion flows back into the currency market.
The sensational listing of LinkedIn stole the limelight from weak US economic data last night. Dow up 45.
Market analysts at FXCM report despite a return of risk appetite the US dollar index is showing modest gains.
A strong session overnight for stocks and commodities must be taken in the context of accurate interpretation of the Fed minutes. Dow up 80.
The Dow recovered from 170 points down last night to close only 68 points down, while the S&P 500 closed flat. (Locked for subscribers until 10:00 AEDT)
Barclays Capital outlines its view that Greek restructuring is inevitable and discusses the possible impacts.