Iron Ore

Commodities consolidated and some buying emerged, but weak data and mixed earnings results are maintaining the pressure on Wall Street. Dow down 81. (Accessible only for subscribers before 10:15 AEST)

It appears global markets may have woken up to the realisation the risk trade has run just too far ahead of global economic reality. Dow down 138. (Accessible only for subscribers before 10:15 AEST)

The assumption that Boston was one small incident, along with some better US data and strong profit reports helped Wall Street rebound from Monday’s losses. Dow up 157. (Accessible only for subscribers before 10:15 AEST)

Danske Bank sees commodity prices improving this quarter, but believes it will be a long time before they can catch back up with equities.

An assumed terrorist attack at the Boston Marathon occurred late in a session, which was already very weak on Wall Street due to China. Gold has collapsed. Dow down 265. (Accessible only for subscribers before 10:15 AEST)

Oz coal juniors are underperforming and coal prices are under pressure. Oil prices tighten as tensions increase while Chile is losing competitiveness in copper.

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Wall Street really couldn’t find any reason to sell last night. Dow up 62. (Accessible only for subscribers before 10:15 AEST)

Price forecasts are cut for base metals as supply starts to exceed demand and BHP’s plans for coal production should limit price upside.

The Chartist suggests the sudden bounce in BHP Billiton is yet to prove technically convincing.