Currencies

Again Wall Street tried to stage a strong rally and again it was thwarted later in the day despite some solid economic data. Dow up 48. (Locked for subscribers until 10:00 AEDST)

With no rate rise coming from Beijing the world saw a green light to return to the risk trade, although momentum struggled. Dow up 18. (Locked for subscribers until 10:00 AEDST)

A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Wall Street can’t seem to get any Santa rally traction as Europe overhangs and China might be planning a policy change. Dow down 2.

Market analysts at FXCM have assessed the outlook for the US dollar and see scope for further rallies.

The big sell-off in US bonds was the focus last night while markets look out for a Chinese rate rise on the weekend. Dow up 13.

Market analysts at FXCM have updated their AUD/USD exchange rate forecast, seeing the Aussie dollar at risk of a correction.

Wall Street opened stronger on confirmation the Obama Administration had compromised on tax cuts before a late sell-off wiped out the gains. Dow down 3.

As European leaders meet in Brussels to argue over what to do next, global markets watch on in trepidation.

What to do about Europe? The Europeans don’t seem to know. Uncertainty breeds weakness as the bulls try hard to drive the Bernanke gravy train. Dow down 19.