Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Identifying and trading reversal can be a difficult, but market analysts at FXCM review trading changes in the trend using MACD.
With plenty of central bank backing you might as well Buy in May. Dow up 130. (Accessible only for subscribers before 10:15 AEST)
Weaker economic data from China and the US and frustration from the Fed meant the month of May began by living up to its adage last night. Dow down 138. (Accessible only for subscribers before 10:15 AEST)
A slight gain into further blue sky last night for the S&P ensured April marked a fifth consecutive month of gains on Wall Street. Dow up 21. (Accessible only for subscribers before 10:15 AEST)
The S&P 500 just pipped a new all-time high last night as the risk-on trade returned to fashion. Dow up 106. (Accessible only for subscribers before 10:15 AEST)
Economists ask if there’s room to cut the RBA cash rate again as the Australian economy looks like hitting a soft patch and the housing recovery is patchy.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
The past two nights have seen solid jumps in copper, gold and oil although iron ore has bucked the trend. Dow down a net 19 points over two sessions. (Accessible only for subscribers before 10:15 AEST)
A scam tweet sent Wall Street spiralling last night, then rebounding immediately, on what was otherwise a strong session for earnings. Dow up 152. (Accessible only for subscribers before 10:15 AEST)