The Fed made no policy changes last night but reiterated its willingness to do so, leaving markets back in limbo ahead of tonight’s ECB meeting. Dow down 32. (Accessible only for subscribers before 10:15 AEDT)
A glance through the latest expert views and predictions about commodities, with expectations for weak August prices to be followed by gains later this year and updates on aluminium, copper and de-rating in gold stocks.
Consensus still has the Fed not moving tonight, while Germany continues to put a potential spanner in the works for the ECB. Dow down 64. (Accessible only for subscribers before 10:15 AEDT)
Comex short positions in gold are elevated and this is often followed by a rally in price, while ETF demand is seen as a key support for the price of the metal.
It was all quiet on the global market front last night ahead of the Fed and ECB meetings. Dow down 2. (Accessible only for subscribers before 10:15 AEDT)
Weekly update on recommendation, target price, and earnings forecast changes.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
One upgrade for Newcrest and now it’s a full set of Buy ratings in the FNArena database, following a production report actually meeting expectations.
Draghi sparks up stock markets with some familiar platitudes, while elsewhere markets remain less convinced. Dow up 211. (Accessible only for subscribers before 10:15 AEDT)
Jonathan Barratt of Barratt’s Bulletin points to bullish consolidation patterns for both gold and silver, suggesting upside.