Market analysts at FXCM note the Aussie dollar has entered a period of high volatility, with risk to the downside.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A round of global estimates of November PMIs caught economists by surprise last night as weakness abounded. Dow up 33. (Accessible only for subscribers before 10:15 AEST)
It’s not often Wall Street posts no net reaction to the latest Fed minutes. Meanwhile, iron ore has been hit again. (Accessible only for subscribers before 10:15 AEST)
As a recession in Japan is conmfirmed, Kathleen Brooks of FOREX.com discusses the potential impact on currency and stock markets.
Wall Street posted a slightly more positive session last night but a three dollar plunge in the iron ore price will cloud the local market today. (Accessible only for subscribers before 10:15 AEST)
Australia’s FTA with China includes a yuan trading hub in Sydney while Canada has also just agreed with China to trade in respective currencies. Where does this leave the US dollar?
Japan has shocked markets by falling into recession but Wall Street continues to take life in its stride. Dow up 13. (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.
Oil prices crashed 3% last night as the Saudis continued to confuse markets over just what their production intentions might be. Dow up 40. (Accessible only for subscribers before 10:15 AEST)