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

Posted in 外汇新闻.