Market Updates 26/02/2018

Local shares have opened up higher on the back of strong trading session in the US on Friday with DOW up 1.4%, S & P 500 up 1.6% & Nasdaq up by 1.8%.

 

Iron ore has also increased trading at US$78.82 a tonne but AUDUSD didn’t follow suits backup by a stronger USD currently trading around the US $0.7840 cents.  Investors will be looking for further directions in the US when Federal Reserve head Jerome Powell speaks this week, especially in relations to the extent of further interest rates rise.

 

DATA RELEASES FOR THIS WEEK:

 

Tuesday:

EUR – ECB President Draghi Speak

USD – Core Durable Goods Orders m/m, Fed Chair Powell Testifies

 

Wednesday:

USD – CB Consumer Confidence

NZD – ANZ Business Confidence

 

Thursday:

USD – Crude Oil Inventories

AUD – Private Capital Expenditure q/q

GBP – Manufacturing PMI

 

Friday:

USD – Fed Chair Powell Testifies, ISM Manufacturing PMI

GBP – Prime Minster May Speaks, Construction PMI & BOE Gov Carney Speaks

CAD – GDP m/m

 

Andrew Law

General Manager

0411 625 998

Posted in 外汇新闻.