Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Despite a quiet and slightly down-day on Wall Street, the S&P closed its best March quarter since 1998 with a 5.6% gain. Dow down 30.
Market analysts at FXCM suggest sentiment towards the euro is warning of some price divergence, which may indicate a possible top.
Coordinated central bank intervention in the yen and an improving US economy are some reasons in favour of further US dollar gains against the Japanese currency.
Barclays Capital’s analysis of monthly seasonal trends shows April tends to be a good month for global equity markets.
The ADP employment result was solid, but traders point to end of quarter window dressing as the influence for last night’s rally on Wall Street. Dow up 71.
Market analysts Jamie Saettele at FXCM lines up support and resistance levels for the Aussie.
Wall Street was boosted by a consumer sentiment report which wasn’t as bad as expected, among other things last night. Dow up 81. (Locked for subscribers until 10:00 AEDST)
The TechWizard believes AUD/NZD is destined for much higher levels.
Wall Street opened higher and closed lower last night on the weakest volume since the week after Christmas. Dow down 22.