A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
ATW’s Jerry Simmons explains why he thinks AUD/USD and crude oil seem poised to move higher. Same for yields on US bonds.
Jamie Saettele, Sr. Technical Strategist at FXCM, shares his Top Trade Ideas for 2011.
Economic data again helped Wall Street rally last night as the end of year graft continues. Dow up 41.
ATW’s Jerry Simmons believes the odds are in favour for AUD/USD and copper to surge to higher levels.
Wall Street’s initial rise on positive data was scuppered last night on talk of a Spanish downgrade. Dow down 19. (Locked for subscribers until 10:00 AEDST)
Senior Technical Strategist Jamie Saettele at FXCM highlights key support level for the Japanese Yen.
Weak recent retail sales data and anecdotal evidence belies what Westpac sees as resilient consumer sentiment following its December survey.
Newest eurozone member Slovakia broke solidarity ranks last night in suggesting it must consider a return to its own currency if European debt problems deteriorate.
Market analysts at FXCM expect the US dollar will continue to find strength post quantitative easing.