A bounce in the US dollar sent commodity prices tumbling last night. Dow down 65.
Wall Street held on to Monday’s gains last night on some positive housing data. Dow up 20.
Things are moving much quicker in the USD FX trade these days, but analysts at TD Securities see no reason to abandon their position.
The S&P 500 closed above its 200-day moving average last night for the first time in eighteen months. Dow up 220.
Commodities and commodity stocks extended recent gains, but the broader market was undecided until the last half hour, then it went up, up and away.
One academic believes the US Congress and Administration need a big wake up call. In the meantime the US bond market threatens the stock market.
A successful 7-year bond auction led to sighs of relief last night. Dow up 100.
Confidence was sapped on Wall Street last night as long bond prices tumbled. Dow down 170.
Australian construction work done for the March quarter was in line with market estimates and so is likely to have little impact on expectations of a modest fall in GDP in the March quarter.
Wall Street rallied on a surge in consumer confidence last night on anaemic volume. Dow up 200.