Kathleen Brooks of FOREX.com puts forward a counterintuative argument that renewed Fed dovishness could actually prove positive for the greenback amidst global stimulus.
The ECB has begun buying covered bonds in member countries while mixed earnings results on Wall Street affected mixed index moves. Dow up 19. (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.
Weak US data sparked a stunning capitulation in US bonds and Ebola helped the Dow to a 460 point drop before markets swung back violently in the afternoon. Dow down 173. (Accessible only for subscribers before 10:15 AEST)
Big drops in oil prices overnight restrained an attempted rally on Wall Street as US bond yields hit a new 16-month low. Dow down 5. (Accessible only for subscribers before 10:15 AEST)
In a thin semi-holiday session the S&P500 broke down through its 200-day moving average and triggered technical selling, as the buyers stood aside. Dow down 223. (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.
Market analysts at FXCM reassess the technicals for the Aussie dollar now the currency has come off resistance.
Looking for guidance at AGMs; Aust dollar needs to fall further; online advertising still taking share; soft contractor conditions continue; opportunity in gaming; and ClearView re-rates.
ECB despair and Fed contradiction led to market confusion and fear last night. Dow down 334. (Accessible only for subscribers before 10:15 AEST)