Currencies

Beware June-July seasonal weakness.

Wall Street was happy with FASB changes and G20 progress last night. Dow up 200.

China and Russia have questioned the status of the US dollar as the global reserve currency. TD Securities doesn’t doesn’t like the USD’s prospects either.

Wall Street reversed an early drop to kick off the new quarter on a positive note. Dow up 150.

History shows April is usually a cracker month for the Australian stock market.

It was a case of bad quarter, great month as March wrapped up on Wall Street with the Dow up 86. (Locked for subscribers until 10:00 AEDT)

The rally hit a snag last night as the US government suggested GM may have to go into bankruptcy. Dow down 254.

As industrial production collapses in Europe, the ECB’s reluctance to follow the UK and US down the quantitative easing path is forcing some hard decisions.

Stock finished lower on Wall Street last night as investors looked to lock in profit after three weeks of big gains.

The Aussie may be doing well against the USD lately, but the fundamentals still don’t support much hope for sustained outperformance, warns TD Securities’ Stephen Koukoulas.