A strong euro, soaring commodity prices and solid US earnings results. Bring on the risk trade. Gold at 1500. The Aussie at 1.07. Dow up 186.
A bounce in commodity prices and some well received earnings reports saw Wall Street recover further from Monday’s initial sell-off last night. Dow up 65.
S&P last night put the US on negative credit watch, sparking a widespread sell-off. Dow down 140.
Market analysts at FXCM suggest the euro may be near its peak and a reversal in trend could be near.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Silver’s price performance has been nothing short of stunning, but analysis by ATW’s Jerry Simmons suggests a brick-wall of resistance is looming. And the same seems to apply to the euro.
Accusations against Goldman Sachs, a rise in jobless claims and a jump in inflation sent Wall Street down early before grafting back. Dow up 14.
Oil consolidated last night but a positive result from JP Morgan was not what it seemed. Dow up 7.
Wall Street took a lead last night from the Asian session yesterday in falling on nuclear concerns and the pullback in oil. Dow down 117.
Wall Street was quiet last night ahead of the post-bell Alcoa report which kicks off earnings season, despite a big drop in oil.