Precious Metals

Market analysts at FXCM note gold has broken up from its descending trendline.

If you can’t go up you must go down and Wall Street did exactly that last night. Dow down 292. (Accessible only for subscribers before 10:15 AEST)

Markets are currently choppy, looking for the next catalyst. Perhaps that will be US earnings. Dow down 104. (Accessible only for subscribers before 10:15 AEST)

The post-Fed scramble to cut overbought/oversold currency positions continued last night, sending the Aussie back toward 79. (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.

Having understandably tanked over 2% on Wednesday night, the US dollar has bounced straight back. Dow down 117. (Accessible only for subscribers before 10:15 AEST)

Concerns over Chinese demand post New Year; energy stock picks; gold mine divestment; oil inflows; China’s aluminium demand lifts but its alumina supply slows.

The Fed removed “patient” but countered by downgrading its US economic outlook based on the data, sending global markets into a frenzy last night. Dow up 227. (Accessible only for subscribers before 10:15 AEST)

Wall Street pulled back last night as it awaits tonight’s Fed statement and press conference. Dow down 128. (Accessible only for subscribers before 10:15 AEST)

West Texas crude hit a new six-year low last night but Wall Street surged ahead of this week’s Fed meeting. Dow up 228. (Accessible only for subscribers before 10:15 AEST)