Currencies

Last night’s downward revision to US GDP confirms bad news is still good news too. Dow up 149. (Accessible only for subscribers before 10:15 AEST)

The Chartist suggests the AUD could hit support at US$0.85 depending on China, but the picture remain longer term bullish.

Positive US data pushed Wall Street up last night despite monetary policy implications. Are things going back to “normal”? Dow up 100. (Accessible only for subscribers before 10:15 AEST)

The world responded over the last 24 hours to a plunge in Chinese stocks but Fedspeak saved Wall Street from a much bigger fall. Dow down 139. (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.

The Australian stock market is in correction mode but the falling AUD is providing a substantial boost to net corporate earnings forecasts.

Wall Street tumbled, commodities crashed and gold bade farewell as the world responded in earnest to Fed tapering, and problems in China. Dow down 353. (Accessible only for subscribers before 10:15 AEST)

If the trend of US recovery continues, the Fed will start to taper later this year and cease QE mid-2014. Dow down 206. (Accessible only for subscribers before 10:15 AEST)

Wall Street has decided Ben Bernanke will do the right thing tonight, whatever that is. Dow up 138. (Accessible only for subscribers before 10:15 AEST)

Another rally on Wall Street was interrupted last night by a misinterpreted FT article as the great taper debate stumbles tediously on. Dow up 109. (Accessible only for subscribers before 10:15 AEST)