Market Updates 23/04/2018

ASX is pointing for a fall with SPI down by 15 points and pressure on Banks’ stocks who are facing backlash from the Royal Commission with the resignation of AMP CEO Craig Meller on Friday. This also follows a negative trading session in the US. Dow Jones down 0.8%, S & P 500 down 0.9% & Nasdaq down 1.3%.

Investors are switching their investments for US Treasury Bonds up 3%. AUDUSD also had a big  sell off after it was trading above US $0.7887 cents last week and now down trading at US $0.7659 on the back of weaker job data in Australia. Local investors will be looking for some direction from our CPI data due out on Tuesday with a short trading week in Australia with ANZAC day.

DATA RELEASES THIS WEEK:

Tuesday:

CAD – BOC Gov Poloz Speaks

AUD – CPI q/q & Trimmed Mean CPI q/q

Wednesday:

USD – CB Consumer Confidence

Thursday:

USD – Crude Oil Inventories, Core Durable Good Orders m/m

CAD – BOC Gov Poloz Speaks

EUR – Minimum Bid Rate & ECB Press Conference

Friday:

JPY – BOJ Policy Rate, Monetary Policy Statement & BOJ Outlook Report

CHF – SNB Chairman Jordan Speaks

GBP – Prelim GDP q/q

USD – Advance GDP q/q

GBP – BOE Gov Careny Speaks

Andrew Law

General Manager

0411 625 998

Posted in 外汇新闻.