Market analysts at FXCM have used the Aussie dollar bounce to reduce half their short exposure but retain half in expectation of further downside.
A report suggesting the Fed won’t shift policy tonight, coupled with Chinese stimulus, sent markets into rapid reverse-mode last night. Dow up 100. (Accessible only for subscribers before 10:15 AEST)
The great carry trade unwind continues across the globe ahead of tomorrow night’s Fed statement. Dow up 43. (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.
Wall Street and global markets will agonise over an anticipated change in Fed policy for another week until the meeting. Dow down 19. (Accessible only for subscribers before 10:15 AEST)
Australia’s currency has cracked the downside against the US dollar and ANZ analysts suggest it is now set up to trade in a lower range.
The Chartist reports technicals indicate the Aussie dollar will continue lower from here.
The polls have swung on the highlands and Wall Street has decided Apple’s new products are winners. Dow up 54. (Accessible only for subscribers before 10:15 AEST)
Peter Switzer of the Switzer Super Report provides stock preferences on the assumption of a lower Aussie dollar.
Speculation that the Fed will make a significant change in policy next week had Wall Street nervous last night. Dow down 97. (Accessible only for subscribers before 10:15 AEST)