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

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