Market Updates 19/2/2018

AXS (Australia Stock Exchange) is set for a soft start with SPI pointing a slow but negative start to Monday’s trading session.  AUDUSD is trading flat around US $0.7908 cents.

 

Local investors are expecting to soften trading this week due to lack of data releases and focuses are on wages growth and inflation in Australia.

 

DATA RELEASES THIS WEEK:

 

Tuesday:

GBP – BOE Gov Carney Speaks

AUD – Monetary Policy Meeting Minutes

 

Wednesday:

GBP – Average Earnings Index 3m/y

 

Thursday:

GBP – Inflation Report Hearings & Second Estimate GDP q/q

USD – FOMC Meeting Minutes

CAD – Core Retail Sales m/m

 

Friday:

USD – Crude Oil Inventories

NZD – Retail Sales q/q

CAD – CPI m/m

 

Andrew Law

General Manager

+61 411 625 998

Market Updates 12/02/2018

Australia Stock Market (ASX) pointing to a negative start on Monday, with the local banks weighing in due to Royal Commission Inquiry into the financial sector starting today. On Friday session, the Dow swung through a wide 1,000 points range with another turbulent day before closing up 1.4%.

 

AUDUSD also plunged towards US 0.77cents on Friday before recouping some gains now trading at US 0.7815 cents. AUD is pressured by talks of global interest rates rise while Australia RBA is holding on any indication of an interest rate rise during the first half of 2018. Oil prices also tumbled with Brent shedding 1.8% and Crude down 2.8% on the back of increased output in the US.

 

Investors will be looking for the US retails sales number due out on Wednesday and in Australia, our employment rate on Thursday.

 

DATA RELEASES THIS WEEK:

 

Tuesday:

AUD – RBA Assist Gov Ellis Speaks

GBP – CPI y/y

 

Wednesday:

AUD – Westpac Consumer Sentiment

NZD – Inflation Expectations q/q

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

 

Thursday:

USD – Crude Oil Inventories, PPI m/m

AUD – Employment Change & Unemployment Rate

 

Friday:

NZD – Business NZ Manufacturing Index

AUD – RBA Gove Lowe Speaks

GBP – Retail Sales m/m

USD – Building Permit

 

 

Andrew Law

General Manager

+61 411 625 998

Market Updates 5/2/2018

ASX is set for an early selloff this Monday morning following Wall Street triggered by expectations that the Federal Reserve will accelerate its pace of interest rate hikes this year. An unexpected 2.9% increase in inflation in US wages as reported in the January payroll report. On Friday we saw the result of the US Non-farm Employment rosed to 200,000 while the market was only expecting an increase of 181,000 jobs created. AUDUSD traded lower at the US $0.7911 cents on the back of a stronger USD.

 

Investors will be looking for further direction from the Retail Sales numbers due out in Australia on Tuesday and on the Cash Rate, the market is expecting the RBA to put interest rate on hold.

 

DATA RELEASES THIS WEEK:

Monday:

GBP – Services PMI

 

Tuesday:

USD – ISM Non-Manufacturing PMI

EUR – ECB President Draghi Speaks

AUD – Retail Sales, Cash Rate & RBA Rate Statement

CAD – Trade Balance

 

Wednesday:

NZD – Employment Change q/q & Unemployment Rate

 

Thursday:

USD – Crude Oil Inventories

NZD – Official Cash Rate, RBNZ Monetary Policy Statement & RBNZ Rate Statement

AUD – RBA Gov Lowe Speaks

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

 

Friday:

AUD – RBA Monetary Policy Statement

GBP – Manufacturing Production m/m

CAD – Employment Change & Unemployment Rate

 

Andrew Law

General Manager

+61 411 625 998

Market Updates 29/01/2018

ASX is poising to trade higher this morning in the back of surging earning results on Friday in Europe and NY. Gold has dropped more than 1% trading around USD $1,350 per ounce. AUD also traded higher on Friday hitting a new 3 months high before retrieving some gains currently trading at USD $0.8115 cents.

 

On Friday USD rose against a basket of currencies on the back of President Donald Trump encouraging a stronger dollar. Investors will be looking for the important indicator on Wednesday for the ADP Non-Farm payroll and Friday Non-Farm and Unemployment number due out in US.

 

DATA RELEASES THIS WEEK:

 

Wednesday:

USD – CB Consumer Confidence, President Donald Trump speaks & ADP Non-Farm Employment Change

GBP – BOE Gov Carney Speaks

AUD – CPI q/q & Trimmed Mean CPI q/q

CAD – GDP m/m

 

Thursday:

USD – Crude Oil Inventories & FOMC Statement

GBP – Manufacturing PMI

 

Friday:

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

GBP – Construction PMI

 

Andrew Law

General Manager

0411 625 998

Market updates 22/01/2018

The USD remains weak versus most majors due to the downward pressure from the potential effects of the government shutdown. The House of Representatives passed a short-term funding bill, but it did not get enough votes to pass the US Senate. The Trump Administration will look to get a deal done with The Republicans and Democrats to reopen the US government that has been closed since Saturday.

 

AUDUSD currently training just above US$0.8004 cents, while Oil is expecting to top US$ 70.00 a barrel for the first time in 3 years.

 

DATA RELEASES THIS WEEK (AEST):

Tuesday:

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

 

Wednesday:

GBP – Average Earnings Index 3m/y

 

Thursday:

USD – Crude Oil Inventories

NZD – CPI q/q

EUR – Minimum Bid Rate, ECB Press Conference

CAD – Core Rate Sales m/m

 

Friday:

GBP – Prelim GDP q/q & BOE Gov Carney Speaks

USD – Advance GDP q/q, Core Durable Goods Orders m/m

JPY – BOJ Gov Kuroda Speaks

 

Andrew Law

General Manager

0411 625 998

Market Updates 2/1/2018

Local shares started the first trading session of 2018 on the low but have rebounded shortly to have some gains during mid-morning trading.  On the currency AUDUSD, trading with big movements this morning and has increased now trading around USD $0.7815 cents. Markets will be watching closely to Non-farm payroll numbers due out this Friday.

 

DATA RELEASES THIS WEEK;

 

Tuesday:

CNY – Caixin Manufacturing PMI

AUD – Commodity Prices y/y

GBP – Manufacturing PMI

 

Wednesday:

GBP – Construction PMI

 

Thursday:

USD – ISM Manufacturing PMI, FOMC Meeting Minutes, ADP Non-Farm Employment Change & Unemployment Claims

GBP – Services PMI

 

Friday:

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

AUD – Trade Balance

EUR – CPI Flash Estimate y/y

CAD – Employment Change, Trade Balance & Unemployment Rate

 

Andrew Law

General Manager

0411 625 998

Market Updates 18 Dec 2017

AUDUSD traded higher in the opening of Monday’s markets on the back of stronger commodities prices and the chances on the US Federal Reserve to slow the pace of any interest rate hikes.

 

SPI up 29 points following a strong trading end in the US buoyed by a proposed tax cuts in the US, with local Miners putting in a strong performance and ANZ Bank announcing a share buyback program. As we are winding down to the last trading weeks for 2017, there are not many directions investors can look for other than the unemployment rate coming out of US & Monetary Policy out coming out of Japan.

 

DATA RELEASES THIS WEEK:

Monday:

AUD – New Motor Vehicle Sales m/m & Mid-Year Economic and Fiscal Outlook

EUR – Final CPI y/y & Final Core CPI y.y

 

Tuesday:

USD – NAHB Housing Market Index, Building Permits

AUD – Monetary Policy Meeting Minutes

 

Wednesday:

AUD – CB Leading Index m/m

USD – FOMC Member Kashkari Speaks

GBP – BOE Gov Carney Speaks

 

Thursday:

CNY – CB Leading Index m/m

USD – Crude Oil Inventories, Final GDP q/q & Unemployment Claims

NZD – GDP q/q

JPY – Monetary Policy Statement, BOJ Policy Rate & BOJ Policy Press Conference

CAD – CPI m/m

 

Friday:

GBP – Current Account

CAD – GDP m/m

USD – Core Durable Goods Orders m/m

 

Andrew Law

General Manager

+61 411 625 998

Market Updates 16/10/2017

AUDUSD continued to hold its ground after last week’s sell-off. It is now trading US$0.7883 cents helped by stronger Iron Ore demands on China import data.

 

Local share market opened stronger on the back of miners’ gains and follows a positive end to US markets. Investors are looking for further directions with Manufacturing numbers due out on Wednesday and Unemployment rate due out this Thursday in the US, while in the local market, investors are looking for our unemployment numbers on Wednesday.

 

DATA RELEASES THIS WEEK:

Monday:

CNY – CPI y/y & PPI y/y

 

Tuesday:

NZD – CPI q/q

AUD – Monetary Policy Meeting Minutes

GBP – CPI y/y & BOE Gov Carney Speaks

 

Wednesday:

EUR – ECB President Draghi Speaks

GBP – Average Earnings Index 3m/y

USD – Manufacturing Sales m/m

 

Thursday:

USD – Crude Oil Inventories

AUD – Employment Change & Unemployment Rate

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

GBP – Retail Sales m/m

USD – Unemployment Claims

 

Friday:

CAD – CPI m/m & Core Retail Sales m/m

 

Andrew Law

General Manager

0411 625 998

Market Updates 9/10/2017

Local shares has started well this morning overcoming weak offshore leads. AUDUSD recovered some of its losses from last week currently trading at US$0.7776 cents.

 

There aren’t too much data releases this week to help investors for directions, local focus are NAB Business Confidence & Westpac’s Consumer Confidence data and globally focus will be on CPI & Retail Sales numbers due out in US on Friday.

 

 

THIS WEEK DATA RELEASES:

 

Tuesday:

AUD – NAB Business Confidence & RBA Assist Gov Debelle Speaks

GBP – GBP Manufacturing Production m/m

 

Wednesday:

AUD – Westpac Consumer Confidence

 

Thursday:

USD – FOMC Meeting Minutes, PPI m/m & Unemployment Claims

 

Friday:

EUR – ECB President Draghi Speaks

USD – Crude Oil Inventories, CPI m/m, Core CPI m/m, Core Retail Sales m/m & Retail Sales m/m

 

Andrew Law

General Manager

0411 625 998

Market Updates 3/10/2017

AUDUSD continued to trade lower currently trading at US$0.7811 cents. The local currency was caught in a downdraft with the prospect of an Australia interest rates falling behind global peers, with the US central bank signaling it sees rates rising for the third time this year. A plunge in the spot Iron Ore prices on Thursday night, and a credit rating cut for China by Standard & Poor’s.

Oil price also tumbled on rising supply within OPEC with the Futures fell as much as 3.1% in New York after OPEC output rose and shale drillers put rigs back to work.  Gold prices also continued to trade lower at US$1,270.29 per ounce.

 

Investors are looking for directions from Cash rate due out in Australia today with market tipping rates to be unchanged while in the global market, Non-Farm payroll figures are due on Friday in the US.

 

DATA RELEASES THIS WEEK:

Tuesday:

USD – ISM Manufacturing PMI

AUD – RBA Rate Statement

GBP – Construction PMI

 

Wednesday:

GBP – Services PMI

USD – ADP Non-Farm Employment Change

 

Thursday:

USD – ISM Non-Manufacturing PMI, Crude Oil Inventories, Unemployment Claims & Fed Chair Yellen Speaks

EUR – ECB President Draghi Speaks

AUD – Retail Sales & Trade Balance

CAD – Trade Balance

 

Friday:

CAD – Employment Change & Unemployment Rate

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

 

Andrew Law

General Manager

0411 625 998