Market Updates 11/09/2017

AUDUSD continues to trade higher at USD $0.8048 cents on the back of a USD freefall. Some market experts are tipping the AUDUSD testing USD $0.85 cents. Commodities are getting strong focus with a sharp move lower on Friday, with the exception of Gold which hit a new high of USD $1357, Crude Oil sold off down 3.3%. ASX is set for a lower start to the week after US stocks ended lower on Friday’s Trading session.

This week’s focus will be the release of Crude Oil inventories, CPI numbers & Retails Sales figures coming out of the US, Industrial Product numbers from China.

DATA RELEASES THIS WEEK:

Tuesday:

AUD – NAB Business Confidence

GBP – CPI y/y

Wednesday:

GBP – Average Earnings Index 3m/y

USD – PPI m/m

Thursday:

USD – Crude Oil Inventories, CPI m/m, Core CPI m/m & Unemployment Claims

AUD – Employment Change & Unemployment Rate

CNY – Industrial Production y/y

CHF – Libor Rate & SNB Monetary Policy Assessment

Friday:

USD – Core Retail Sales & Retail Sales m/m

Andrew Law

General Manager

0411 625 998

Market Updates 4/9/2017

AUDUSD continues to test higher levels trading at US$0.7962  as tension looms in the US with North Korea’s missile capabilities and threats.  AUD has support by higher Gold prices trading up 11.53% at US$1,336.

A couple of major news that investors are seeking for further directions, In Australia we have RBA rate decision with market highly expected the rate to remain unchanged, Retail Sales numbers are also due this week. In the US, ISM non-manufacturing PMI & Unemployment claims are due out & in China, Trade balance numbers are due.

DATA RELEASES THIS WEEK:

Monday:

AUD – ANZ Job Advertisements m/m

GBP – Construction PMI

Tuesday:

AUD – Cash Rate, RBA Rate Statement & RBA Gov Lowe Speaks

GBP – Services PMI

Wednesday:

AUD – GDP q/q

CAD – Trade Balance

Thursday:

CAD – BOC Rate Statement, Overnight Rate

USD – ISM Non-Manufacturing PMI & Unemployment Claims

AUD – Retail Sales m/m & Trade Balance

EUR – Minimum Bid Rate & ECB Press Conference

Friday:

CNY – Trade Balance

AUD – RBA Gov Lowe Speaks

GBP – Manufacturing Production m/m

CAD – Employment Change & Unemployment Rate

Andrew Law

General Manager

0411 625 998

Market Updates 28/08/2017

AUDUSD surged over USD$79.45 cents on the back of a weaker USD, dropped in Oil futures prices to 2.8% from hurricane storms in the US.

Speech made by Federal Reserve Chair Janet Yellen on the weekend didn’t support any direction for any interest rates rise this year. Investors are looking for further trading directions with a host of data releases this week. The focus will be on ADP Non-Farm data on Wednesday as a minor indication with Non-Farm employment and Unemployment rate due out on Friday.  The Market is expecting an increase in job creations with over 209,000 in new jobs during July.

DATA RELEASE THIS WEEK:

Tuesday:

JPY – Unemployment Rate

Wednesday:

USD – CB Consumer Confidence, ADP Non-Farm Employment Change & Prelim GDP q/q

Thursday:

USD – Crude Oil Inventories & Unemployment Claims

AUD – Private Capital Expenditure q/q

Friday:

CNY – Caixin Manufacturing PMI

GBP – Manufacturing PMI

USD – Average Hourly Earnings m/m, Non-Farm Employment Change & Unemployment Rate

Saturday:

USD – ISM Manufacturing PMI

Andrew Law

General Manager

0411 625 998

Market Updates 21/08/2017

AUDUSD traded higher on Friday and again this morning on the back of a weaker USD. Iron Ore continue to strengthen adding 3.5% on Friday.

 

ASX is under early selling pressure as investors are sorting through the profit results from last week.  There are no major data releases this week to be released so the market will continue to digest the after maths.

 

DATA RELEASES THIS WEEK:

 

TUESDAY:

CAD – Core Retail Sales m/m

 

WEDNESDAY:

EUR – ECB President Draghi Speaks

 

THURSDAY:

USD – Crude Oil Inventories & Unemployment Claims

 

FRIDAY:

USD – Fed Chair Yellen Speaks & Core Durable Goods Orders m/m

EUR – ECB President Draghi Speaks

 

 

Andrew Law

General Manager

0411 625 998

Market Updates 14/08/2017

AUDUSD is currently trading within a range below US$0.7890, and lost ground against other major currencies, as rising tension on the Korean peninsula sparked a rush back into safe-haven currencies such as Swiss franc and Japanese YEN.

 

This has prevented the AUDUSD trading over US$0.80 cents during the recent rally supported by high gold prices & iron ore.  In this week’s events the market will be looking for further directions on the Unemployment rate from Australia & in the US.

 

DATA RELEASES THIS WEEK:

 

MONDAY:

NZD – Retail Sales q/q

CNY – Industrial Production y/y

 

TUESDAY:

AUD – Monetary Policy Meeting Minutes

GBP – CPI y/y

USD – Core Retail Sales m/m & Retail Sales m/m

 

WEDNESDAY:

GBP – Average Earnings Index 3m/y

USD – Building Permits

 

THURSDAY:

USD – Crude Oil Inventories, FOMC Meeting Minutes & Unemployment Claims

NZD – PPI Input q/q

AUD – Employment Change & Unemployment Rate

 

FRIDAY:

CAD – CPI m/m

 

 

Andrew Law

General Manager

0411 625 998

Market Updates 7/8/2017

AUDUSD continued to trade higher after a sell off on Friday buoyed by better than expected non-farm payroll data released. There were additional jobs creations in July rose to 209k while the market was expected only 183k.

 

In overseas markets – the Dow Jones ended at its 8th straight record high with gains in banks’ stocks.

 

DATA RELEASES THIS WEEK:

 

Monday:

NZD – Inflation Expectations q/q

 

Tuesday:

AUD – NAB Business Confidence

CHF – Unemployment Rate

 

Wednesday:

CNY – CPI y/y & PPI y/y

 

Thursday:

USD – Crude Oil Inventories

NZD – Official Cash Rate, RNBZ Rate Statement & RBNZ Press Confidence

GBP – Manufacturing Production m/m

USD – PPI m/m, Unemployment Claims

 

Friday:

USD – CPI m/m & Core CPI m/m

Andrew Law
General Manager
m: 0411 625 998

Market Updates 31/07/2017

In local markets, investors are looking at the reporting seasons in Australia with over 150 companies reporting on their results for 2017.  Focus has also been in Iron ore with Goldman Sachs boosted their forecast for the next 3 months to US $70  a tonne. The large investment banker is also calling the top of AUD rally, selling the currency on Friday after it jumped to a 2 year high trading over US $80 cent on Thursday’strading session before a sell-off.

 

Global investors will be focusing on our RBA meeting tomorrow and Non-farm employment numbers on due out Friday in US.

 

DATA RELEASES THIS WEEK:

 

MONDAY:

CNY – Manufacturing PMI & Non-Manufacturing PMI

 

TUESDAY:

AUD – RBA Rate Statement

GBP – Manufacturing PMI

 

WEDNESDAY:

NZD – Employment Change & Unemployment Rate

GBP – Construction PMI

USD – ADP Non-Farm Employment Change

 

THURSDAY:

USD – Crude Oil Inventories

AUD – Trade Balance

GBP – Service PMI, BOE Inflation Report, MPC Official Bank Rate Votes, Monetary Policy Summary & Official Bank Rate

 

FRIDAY:

AUD – RBA Monetary Policy Statement & Retail Sales m/m

USD – ISM Non-Manufacturing PMI, Average Hourly Earnings m/m, Non-Farm Employment Change & Unemployment Rate

CAD – Employment Change & Trade Balance

Andrew Law
General Manager
m: 0411 625 998

 

Market Updates 17 July 2017

AUDUSD continued to strengthen and traded as high as 1.3% on late Friday, topping above US $0.78 cent for the first time since May 2015. The push was triggered by a weaker than expected economic data and Feds hinted an unlikely third US interest rate hike later this year.

 

Investors will be looking at GDP result due out today from China & Unemployment numbers from US and from a local focus Unemployment numbers due out in Australia on Thursday.

 

DATA RELEASES THIS WEEK:

 

Monday:

CNY – GDP q/y & Industrial Production y/y

 

Tuesday:

AUD – Monetary Policy Meeting Minutes

NZD – CPI q/q

 

Wednesday:

GBP – BOE Gov Carney Speaks

USD – Building Permits

 

Thursday:

AUD – Employment Change & Unemployment Rate

JPY – Monetary Policy Statement, BOJ Outlook Report & BOJ Policy Report

GBP – Retail Sales m/m

EUR – ECB Press Confidence & Minimum Bid Rate

USD – Unemployment Claims

 

Friday:

CAD – CPI m/m & Core Retail Sales m/m

 

For further information please contact;

 

Andrew Law

General Manager

0411 625 998

Market Updates – 10/07/2017

The markets look to start with a positive view with strong gains on Friday after employment data in the US showed strong jobs growth on the back of non-farm payroll added 222k new jobs. Investors are looking for further directions in the local markets with Business Confidence and Consumer Confidence due out this week and globally at Chairwoman Yellen on Thursday evening local time.

 

AUDUSD is also trading a higher from last week’s low currently seating just above USD $0.75 cents, Gold is slightly down trading just above USD $1,213.15 per ounce while Iron Ore continues to strengthen trading above USD $62.80 a ton.

 

DATA RELEASE FOR THIS WEEK:

 

MONDAY:

CNY – CPY y/y

 

TUESDAY:

AUD – NAB Business Confidence

 

WEDNESDAY:

AUD – Westpac Consumer Confidence

GBP – Average Earnings Index 3m/y

 

THURSDAY:

CAD – BOC Monetary Policy Report, BOC Rate Statement & Overnight Rate

USD – Fed Chair Yellen Testifies, Crude Oil Inventories, PPI m/m, Unemployment Claims

 

FRIDAY:

USD – CPI m/m, Core CPI & Retail Sales

 

Andrew Law

General Manager

0411 625 998