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

Posted in Foreign Exchange News.