Market analysts at FXCM sugget the Aussie dollar is trading close to resistance, suggesting traders wait until it breaks either way.
Wall Street doesn’t want to go down, but doesn’t want to go up either. Something will have to give. Dow down 2. (Accessible only for subscribers before 10:15 AEST)
The Veterans’ Day bank/bond market holiday in the US left all markets thin, and in some cases volatile, last night. Dow flat. (Accessible only for subscribers before 10:15 AEST)
US stocks held their ground last night but currencies, bonds, oil and gold all reversed their initial Friday night responses to the US jobs report. Dow up 39. (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.
Lower oil price a positive for Oz households; building stocks can still outperform; lower AUD is more probable than lower cash rate; and policy intervention likely in wagering.
For the 37th time in 2014, the Dow hit a new all-time high last night in rising 69 points. (Accessible only for subscribers before 10:15 AEST)
Wall Street was buoyed last night when it became clear the Republicans now have a majority in both houses. Dow up 100. (Accessible only for subscribers before 10:15 AEST)
Further falls in oil prices last night dragged on Wall Street and sparked selling in base metals. Dow up 17. (Accessible only for subscribers before 10:15 AEST)
Kathleen Brooks of FOREX.com suggests ingoing weakness and risk in the eurozone measn further weakness for the euro againat a backdrop of a resurgent US dollar.