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

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