Jennifer Gorton from ForexTraders.com explains the inner workings behind US dollar movements on FX markets.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
The earnings season yo-yo shot up last night and even economic data surprised. Dow up 201. (Locked for subscribers until 10:00 AEST)
Bernanke opened his mouth and Wall Street plunged in a heartbeat last night. Dow down 109. (Locked for subscribers until 10:00 AEST)
Wall Street turned a 157 point loss in the Dow into a 75 point gain with little impetus last night. Apple blew the market away after the bell. (Locked for subscribers until 10:00 AEST)
Wall Street bungled its way to a gain last night but after-the-bell earnings from IBM disappointed, putting pressure on tonight’s trade. Dow up 56.
Analysts are warming towards the idea of more US dollar weakness, but at the same time risk aversion is back, and on the rise.
Market analysts at GaveKal explain why a weaker USD going forward would make sense (with charts).
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Late news from both BP and Goldman Sachs turned Wall Street around from economic data weakness last night. Dow down 7.