Market Updates 29/01/2018

ASX is poising to trade higher this morning in the back of surging earning results on Friday in Europe and NY. Gold has dropped more than 1% trading around USD $1,350 per ounce. AUD also traded higher on Friday hitting a new 3 months high before retrieving some gains currently trading at USD $0.8115 cents.

 

On Friday USD rose against a basket of currencies on the back of President Donald Trump encouraging a stronger dollar. Investors will be looking for the important indicator on Wednesday for the ADP Non-Farm payroll and Friday Non-Farm and Unemployment number due out in US.

 

DATA RELEASES THIS WEEK:

 

Wednesday:

USD – CB Consumer Confidence, President Donald Trump speaks & ADP Non-Farm Employment Change

GBP – BOE Gov Carney Speaks

AUD – CPI q/q & Trimmed Mean CPI q/q

CAD – GDP m/m

 

Thursday:

USD – Crude Oil Inventories & FOMC Statement

GBP – Manufacturing PMI

 

Friday:

USD – ISM Manufacturing PMI, Average Hourly Earnings m/m, Non-Farm Employment Change & Unemployment Rate

GBP – Construction PMI

 

Andrew Law

General Manager

0411 625 998

Posted in 外汇新闻.