Technical chartists are warning gold and AUD/USD are signaling more weakness should be expected.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Strength on European markets belied an ever weakening euro while Wall Street struggled to justify further gains before losing its bottle in the last hour. Dow down 113. (Locked for subscribers until 10:00 AEST)
A snapshot of economist responses to today’s Australian labour force data for April.
Wall Street was heartened by economic data and pushed indices back above the collapse level of last week. Dow up 148.
A snapshot of economist responses to today’s March Australian housing finance data, where the decline was broadly as expected.
Wall Street rode an uneasy rollercoaster last night but it was up and only up for gold, to a new record high. Dow down 36.
Wall Street was last man in to the global relief rally on the back of the euro defence package announced after the New York close yesterday. Dow up 404.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
By Rudi Filapek-Vandyck Australian dollar bulls can forget about the currency reaching parity against the US dollar for the time…