Wall Street again closed flat ahead of tonight’s Fed statement and GDP, while metals tumbled on nervousness ahead of the Chinese PMI. (Accessible only for subscribers before 10:15 AEST)
Australia and the US are in waiting mode for earnings and data and policy decisions, leading to low volumes and a lack of definitive moves. Dow down 36. (Accessible only for subscribers before 10:15 AEST)
This week ATW’s Jerry Simmons suggests the S&P 500 remains in bullish mode above 1550 while the US dollar is looking weak.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
US earnings might be beating net estimates, but falling revenues are holding Wall Street back. Dow up 13. (Accessible only for subscribers before 10:15 AEST)
Jonathan Barratt of Barratt’s Bulletin expects volatility to continue for gold but cites clear physical demand as a reason to be bullish.
More mixed earnings results, weak US bond demand and strong economic data provided a cocktail of uncertainty last night as Wall Street again failed to push higher. Dow down 25. (Accessible only for subscribers before 10:15 AEST)
Wall Street is starting to look tired as earnings and data continue to offer mixed signals. Dow up 22. (Accessible only for subscribers before 10:15 AEST)
There is a growing feeling among analysts that the gold price has now seen a low, but this hasn’t stopped them slashing Australian goldminer targets and ratings.
Forex.com’s Kathleen Brooks observes a bounce in commodities and explains the importance of it all.