The Chartist suggests the Aussie dollar has fallen into a critical range that may imply upside from here.
The collapsing euro is responsible for a soaring US dollar and subsequent downgrades to US earnings forecasts, Fed policy notwithstanding. Dow down 332. (Accessible only for subscribers before 10:15 AEST)
On the sixth anniversary of the US bull market, talk is again of the overdue correction. Dow up 138. (Accessible only for subscribers before 10:15 AEST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Kathleen Brooks of FOREX.com dicusses the details and implications of the ECB’s announced QE program.
The ECB’s QE program will likely see more money flowing out of Europe in search of yield elsewhere. Dow up 38. (Accessible only for subscribers before 10:15 AEST)
Wall Street continued to pull back ahead of tonight’s ECB meeting and Friday’s US jobs numbers. Dow down 106. (Accessible only for subscribers before 10:15 AEST)
The Israeli prime minister stirred up markets last night while Wall Street took profits following Monday’s Nasdaq milestone. (Accessible only for subscribers before 10:15 AEST)
Kathleen Brooks of FOREX.com wonders why the US dollar keeps rising despite weakening economic data, and what this means for the Fed’s rate decision.
It’s taken fifteen years, but the Nasdaq is now back where it was before the dotcom bubble burst. Dow up 155. (Accessible only for subscribers before 10:15 AEST)