It was Columbus Day in the US and nothing happened. Dow up 3.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Westpac and Goldman Sachs have lifted Aussie dollar forecasts above parity with the USD.
A brief look at important company events and economic data releases next week.
GFT’s market analyst David Morrison suggests US corporate earnings will be key for the share market’s outlook.
Wall Street opened stronger before a big square-up occurred in all markets ahead of tonight’s jobs numbers and their QE2 implications. Dow down 19.
Another big read on jobs growth puts an RBA rate hike right back on the agenda.
Wall Street shook off a weak private sector jobs report to close flat on heightened QE2 anticipation. Dow up 22. (Locked for subscribers until 10:00 AEDST)
The TechWizard reports this week could be crucial for AUD/USD.
The Australian dollar was sold off when the Reserve Bank of Australia held interest rates steady yesterday but Commonwealth Bank still expects parity against the greenback in coming months.