Market Updates 16/04/2018

ASX is set for an uncertain opening session on Monday following small loses in US on Friday with Dow Jones down 0.5%, S & P 500 down 0.3 & Nasdaq down 0.5%. US had a good trading session on Thursday but investors was cautioned by the recent strikes in Syria.

Oil prices was pushed higher on the back of the Syria tension and some experts predicting that it could hit US $80 per barrel. AUDUSD was trading higher on Friday just above US $0.78 cents before coming down currently trading at US $0.7770 cents. Local investors will be looking for further direction from the Unemployment rate due out on Thursday with market expecting to drop from previous month of 5.6% to 5.5% with additional 20,000 jobs created in March.

DATA RELEASES THIS WEEK:

Monday:

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

Tuesday:

AUD – Monetary Policy Meeting Minutes

CNY – GDP q/y

GBP – Average Earnings Index 3m/y

USD – Building Permits

Wednesday:

GBP – CPI y/y

Thursday:

CAD – BOC Monetary Policy Report, BOC Rate Statement, Overnight Rate & BOC Press Conference

USD – Crude Oil Inventories

NZD – CPI q/q

AUD – Employment Change & Unemployment Rate

GBP – Retail Sales m/m

Friday:

CAD – CPI m/m & Core Retail Sales m/m

Andrew Law

General Manager

0411 625 998

Posted in Foreign Exchange News.