A late notice from the CME that metals margins would be increased turned gold and silver around big time last night. Dow down 60.
The National Australia Bank Monthly Business Survey showed both business confidence and conditions in Australia weakened in October.
ATW’s Jerry Simmons explains why the Dow could be on its way to 12,000 and beyond.
Renewed European debt fears gained momentum last night sending gold through US$1400 and the Dow down 37.
ATW’s Jeremy Simmons offers his latest insights for AUD/USD, as well as for crude oil.
One broker has been quick to move on QE2-based commodity prices changes and subsequent earnings forecast changes for BHP, Rio, Alumina and Iluka.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Forget “sell the fact”. Are stock and commodities markets now in a win-win situation? Big jumps last night including 220 points in the Dow would tend to suggest so. (Locked for subscribers until 10:00 AEDST)
A snapshot of economist responses to today’s retail sales and trade balance data, both of which were weak. Glenn? I say Glenn? Y’there Glenn?
With the RBA lifting rates this week the Australian dollar has pushed above parity against the US currency and further gains are seen as likely.