Currencies

After a flurry of activity yesterday, the tumbleweeds rolled through Wall Street last night. Dow up 9.

Positive retail earnings, positive economic data and another big takeover offer in the agri space. Anyone would think we were in a bull market last night. Dow up 103.

Antipodean Capital’s Craig Ferguson provides an insight into his current thinking on the outlook for financial markets.

The NYSE needn’t have bothered to open its doors last night, so lacking was the interest. Dow down one point. (Locked for subscribers until 10:00 AEST)

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

The Dow recovered from a 110 point fall on higher jobless claims to close down 58 on low volume.

A snapshot of economist responses to today’s Australian employment data for July, where jobs again increased but the unemployment rate also rose thanks to a higher participation rate.

The QE2 remains at port but it will be kept fully supplied. After a wild ride, the Dow closed down 54. (Locked for subscribers until 10:00 AEST)

With its expectations for rate hikes in the US being pushed out Commonwealth Bank has revised its currency forecasts, lowering US dollar expectations and lifting estimates for other currencies.

Wall Street was eagerly anticipating QE2 last night, on minimal volume. Dow up 45.