Currencies

Following on from yesterday’s Rudi’s View story, a brief update (with charts).

The week-long rally found some profit-takers last night as the Fed poured cold water on recovery enthusiasm. Dow up 3. (Locked for subscribers until 10:00 AEST)

Wall Street surged higher once more in the wake of positive initial earnings. Intel’s post-market result suggests a seventh consecutive rally tonight. Dow up 146.

The recently established Dagong credit rating agency has made its first sovereign assessments, rating US bonds AA, Britain’s AA- and Australia’s AAA.

Alcoa’s after-the-bell result beat expectations and that’s all that matters. Wall Street went nowhere all session as it waited. Dow up 18.

The TechWizard reports global investors should be hoping AUD/USD reaches for new highs in the weeks ahead.

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

Popular economist Cliff Bennett calls the bottom while RBS expects solid returns from here. But Morgan Stanley’s bank analysts remain wet blankets.

Lower jobless claims helped Wall Street build on Wednesday’s surge as risk appetite continues to return. Dow up 120.

A snapshot of economist responses to today’s stronger than expected Australian labour market data for June.