Aust dollar holds below US70c

The Australian dollar is higher, helped by a bounce in US stocks on the back of some strong US consumer confidence data. At 6.30am (AEST), the local unit was trading at US69.91c, up from US69.47c on Tuesday. Wall Street spent a large part of its day in negative territory, before enjoying strong gains after a report showed that the US consumer confidence index had risen to 103.0, when a sharp drop had been expected. Source : Business...

USD/JPY: bullish hammer formation on 120 handle

USD/JPY is currently trading at 119.64 with a high of 120.16 and a low of 119.24. USD/JPY is flat with a familiar range. Price is subject to risk-on or risk-off themes as we progress through the sessions. The 200 DMA remains the key resistance at 120.88 today while the downside key support stays with 119.20 today. Stocks picked up in the European shift while the US is performing a little better as well albeit still mainly in the red. Commodities ...

Asian Futures Rise Amid Late U.S. Rally While Yen Holds Advance

Asian investors took heart from a late-in-the-day rally in U.S. stocks, with futures on indexes from Japan to Australia signaling gains as the worst quarter for global equities since 2011 comes to a close. Futures foreshadowed a 1.7 percent rebound in the Nikkei 225 Stock Average, which slid to the lowest level since January Tuesday amid an Asia-wide equity selloff as concern over China’s slowdown took hold in markets once again....

S&P 500 Index Trims Quarterly Drop While Apple Weighs on Nasdaq

The Standard & Poor’s 500 Index trimmed its worst quarterly decline since 2011, as health-care shares rebounded from their est losing streak in four years. The S&P 500 Index rose 0.1 percent to 1,884.03, at 4:03 in New York, and is down 4.5 percent in September, following August’s 6.3 percent retreat. The Nasdaq Composite Index lost 0.6 percent as Apple Inc. sank 3 percent. Stocks have been volatile in recent weeks amid confusion...

U.S. Stocks Fluctuate as Drop in Consumer Shares Offset Biotechs

U.S. stocks fluctuated, with declines in consumer shares offsetting a rebound in biotechnology companies, as investors struggle to reconcile the prospects for higher interest rates with lingering concerns about slowing global growth. The Standard & Poor’s 500 Index rose less than 0.1 percent to 1,882.09 at 12:21 p.m. in New York, after rising as much as 0.9 percent. The Dow Jones Industrial Average slipped 13.82 points, or 0.1 percent,...