Weekly Market: S&P 500, Gold, US Dollar; US ISM, Eurozone Retail Sales, RBA, Japan Econ Watchers, China Inflation

Global equity markets rose, led by solid gains in US equities, as markets welcomed the passage of a debt ceiling bill that averted a catastrophic US default. Debt negotiations in Washington have been the focus of market attention in recent weeks, and the passage of the bill raising the government’s $31.4 trillion debt ceiling removed … Read more

Australian dollar falls on Weak China Data. Will AUD/USD test the lows?

Australian Dollar, China’s Economy, AUD/USD, PBOC, RBA, CGB – Talking Points The Australian dollar gave back some gains overnight after weak Chinese data. Industrial production and retail sales fell, as did investment. The RBA minutes showed a rise, or no change was considered. Lower AUD/USD? The Australian dollar fell on doubts about China’s economic recovery … Read more