Market Updates 08/05/2017

China’s foreign exchange reserves rose in April for a 3rd straight month beating market expectations as capital controls and a pause in the dollar’s rally helped with capital outflows coming out of China. Reserves rosed $US 21 billion in April to $3.03 trillion compared with an increase of $3.96 billion in March to $3.009 trillion.
Harry Triguboff, the country’s richest man and director of Meriton is expected to finance about $200 million of the $1.4 billion worth of apartment sales this year as Chinese buyers are struggling with tougher currency controls to get money into Australia.  China has tightened rules on moving capital outside of the country in recent months as it seeks to support the Yuan and stem a slide in its foreign exchange reserves.
Why not give Superforex a call today and see how we can provide the simple FX solutions.
Local market will be keen for the delivery of Annual Budget on Tuesday by Treasurer Morrison.
DATA RELEASES THIS WEEK:
MONDAY:
AUD – Building Approvals m/m, NAB Business Confidence & ANZ Job Advertisements m/m
CNY – Trade Balance
TUESDAY:
AUD – Retails Sales & Annual Budget Release
WEDNESDAY:
ECB President Draghi Speaks
THURSDAY:
USD – Crude Oil Inventories
NZD – Official Cash Rate
GBP – BOE Inflation Report, MPC Official Bank Rate Votes, Monetary Policy Summary & Official Bank Rate
FRIDAY:
USD – CPI m/m, Core CPIU m/m, Retail Sales m/m & Prelim UoM Consumer Sentiment
Regards,
 
Andrew Law
General Manager
m: 0411 625 998

Market Updates 2/05/2017

AUD has advanced overnight on expectations that RBA will increase rates in the near future. The RBA is expected to hold its key rate at 1.50% when it meets today.
AUDUSD was up trading up to $0.7523 in the early morning of trading. USD rose strongly again YEN after investors shrugged off weaker US factory activity and inflation data from last week. All investors will be focusing on this week’s Non-Farm Payroll data from the US.
DATAT RELEASES THIS WEEK:
TUESDAY:
USD – ISM Manufacturing PMI
AUD – Cash Rate & RBA Rate Statement
GBP – Manufacturing PMI
WEDNESDAY:
NZD – GDT Price Index, Employment Change q/q/ & Unemployment Rate
GBP – Construction PMI
USD – ADP Non-Farm Employment Change, ISM Non-Manufacturing PMI, Crude Oil Inventories, FOMC Statement & Federal Fund Rate
THURSDAY:
AUD – Trade Balance & RBA Gov Lowe Speaks
GBP – Services PMI
CAD – Trade Balance
USD – Unemployment Claims
FRIDAY:
EUR – ECB President Draghi Speaks
CAD – BOC Gov Poloz Speaks, Employment Change & Unemployment Rate
AUD – RBA Monetary Policy Statement
NZD – Inflation Expectations q/q
USD – Employment Rate, Non-Farm Employment Change & Average Hourly Earnings m/m
Andrew Law
General Manager
m: 0411 625 998

Market Updates 24/04/2017

EUR surged after an early counting of ballots in the first round of the French election showed that centrist Emmanuel Macron and the National Front’s Marine Le Pen were on target to reach next month’s run-off. EURUSD was trading above US$1.0929.
While in the local market AUDUSD is down 0.8% to US $0.7563, and it traded as low as US $0.7492 earlier from an overnight peak of 0.7563 due to recent softness in commodity prices.
DATA RELEASES THIS WEEK:
MONDAY:
EUR – German Ifo Business Climate
WEDNESDAY:
USD – CB Consumer Confidence
AUD – CPI q/q
CAD – Core Retail Sales m/m
THURSDAY:
USD – Crude Oil Inventories
USD – Core Durable Goods Orders
USD – Unemployment Claims
AUD – RBA Gov Lowe Speaks
JPY – Monetary Policy Statement & BOJ Outlook Report
EUR – ECB Press Conference
FRIDAY:
CHF – SNB Chairman Jordan Speaks
GBP – Prelim GDP q/q
CAD – GDP m/m
USD – Advance GDP q/q
Andrew Law
General Manager
m: 0411 625 998

Market Updates 18/04/2017

Positive economic data from China has boosted stocks in US with most European & Australian markets closed during the Easter Monday trading session. Retails sales in China grew by 10.9% which helped strengthen the AUDUSD pushing it through $0.76 overnight before coming down to $0.75 this morning.
UK inflation held at 3 years high around 2.3% supporting the GBP and seeking AUDGBP lower again for nearly a 12th straight day. UK economy has continued to rebound in the wake of Brexit and the triggering of Article 50 last month.
DATA RELEASES THIS WEEK:
 
Tuesday
AUD – Monetary Policy Meeting Minutes
USD – Building Permits
Thursday
USD – Crude Oil Inventories
NZD – CPI q/q
USD – Philly Fed
Manufacturing Index
USD – Unemployment Claims
Friday
GBP – BOE Gov Carney Speaks
USD – Treasury Sec Mnuchin Speaks
GBP – Retails Sales m/m
CAD – CPI m/m
Regards,
 
Andrew Law
General Manager
m: 0411 625 998

Market Upate 10/04/2017

The AUD has fallen to near a 3 month low trading below $0.75 USD in the wake of a weaken price of iron ore and strengthen of USD.  Investors will be looking for trading news on Thursday with Australia releasing unemployment numbers and later that evening the release of US unemployment claims follow by consumer sentiment, CPI figures and US retail sales numbers.
DATA RELEASES THIS WEEK:
Tuesday
USD – Fed Chair Yellen Speaks
GBP – CPI y/y
Wednesday
CNY – CPI y/y
CNY – PPI y/y
GBP – Average Earnings Index 3m/y
GBP – Unemployment Rate
Thursday
CAD – BOC Monetary Policy Report
CAD – BOC Rate Statement & Overnight Rate
CAD – BOC Press Confidence
AUD – Employment Change & Unemployment Rate
CNY – Trade Balance
USD – Crude Oil Inventories
USD – Unemployment Claims
Friday
USD – Prelim UoM Consumer Sentiment
USD – CPI m/m
USD – Core Retails Sales & Retails Sales m/m
For further information please contact one of our offices.
Andrew Law
General Manager
m: 0411 625 998

Article 6 April 2017

Market Summary:

Reserve Bank left cash rate unchanged at 1.50% on Tuesday this week. Investors will be focusing on tonight’s economic data and announcements and it all begins with UK Services PMI at 6.30pm. Services PMI is tipped to remain above 50, the point which denotes expansion, but only marginally at 53.5.

Elsewhere tonight we’ll see the latest preliminary non-farm employment figures out of the U.S with ADP numbers due just after 10pm AEST. The market is expecting to see around 184K new jobs, which would be less than the previous months figures but still on pace with recent months’ results. Obviously a bumper number here will provide some rally in the US dollar, particularly against the Aussie – AUD/USD has fallen again but is holding onto 0.75 for the time being. Investors will also be eyeing the all important numbers due out tomorrow in US for the non-farm employment & unemployment rates.

DATA RELEASES TODAY:

GBP – Services PMI

USD – ADP Non-Farms Employment

USD – ISM Non-Manufacturing PMI

USD – FOMC Meeting Minutes

DATA RELEASES TOMORROW:

GBP – Manufacturing Production m/m

CAD – Unemployment Rate

USD – Non-Farm Employment Change & Unemployment Rate

复活节假期

我们将于(星期五)4月14日至(星期一)4月17日放复活节假期,
于(星期二)2017年4月18日正常营业。

请提前安排您的交易计划,并祝你有一个愉快节日。

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圣诞新年假期通知

我们将会休息由24th Dec2016 2nd Jan 2017. 3rd Jan 2017回来

请提前安排你的交易计划。汇通祝福大家圣诞节与新年愉快

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