There has not been much movement again as the end of month ticked over and as markets wait for Friday’s US monthly jobs report. The commodity currencies are holding up quite well; all things considered. The ASX-200 and AUD pairs will be in focus today with the release of Australian GDP data.
The S&P500 and NASDAQ have closed at new all time Highs ahead of the end-of-month and end of northern summer doldrums period. Monday of next week is a holiday in the USA (Labor Day) and is often ear-marked as the period when markets ‘wake up’ after the northern hemisphere summer. Most charts are little changed […]
There hasn’t been a lot of change since yesterday but here are trend lines to watch for any new reaction to news AFTER the Federal Reserve Jackson Hole Summit.
The S&P500 and NASDAQ have crept to new highs, the fifth consecutive day of doing so, ahead of the Federal Reserve Summit. The US$ has been down each day this week but watch to see how Summit news might impact here.
Markets maintained their positive risk appetite drift last session but it was small steps, rather than leaps, ahead of the looming Fed Summit. I am not expecting a whole lot of movement until after this event. An exception being across some of the meme stocks and this volatility might be more of a warning than […]