Market Updates 30/4/2018

ASX is shaping to have a flat opening on Monday as investors are waiting for the corporate results and RBA meeting due this week. Also global investors will be looking for Australia’s Trade Balance result due out Thursday with market tipping for an increase to 0.95b, and the all-important Non-Farm Payroll and unemployment rate due out in the US on Friday, with the market tipping for an increase in job creations of 183,000 jobs and unemployment decrease to 4%.

Mixed results on the closing of US markets on Friday. Dow Jones was down 0.1%, S & P 500 was up 0.1% with Nasdaq closed flat.

AUDUSD bounced back towards US $0.76 cents before coming down currently trading US $0.7571 cents wanted as economic growth data confirmed a shower pace in the first quarter and the yield on the US 10 year Treasury slipped to 2.96%.

DATE RELEASES THIS WEEK:

Monday:

AUD – RBA Gov Lowe Speaks

Tuesday:

AUD – RBA Rate Statement

GBP – Manufacturing PMI

CAD – GDP m/m, BOC Gov Poloz Speaks

USD – ISM Manufacturing PMI

NZD – Employment Change q/q & Unemployment Rate

Wednesday:

GBP – Construction PMI

USD – ADP Non-Farm Employment Change, Crude Oil Inventories, FOMC Statement & Federal Funds Rate

Thursday:

AUD – Trade Balance

GBP – Services PMI

CAD – Trade Balance

Friday:

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

CHF – SNB Chairman Jordan Speaks

AUD – RBA Monetary Policy Statement

Andrew Law

General Manager

0411 625 998

Posted in 外汇新闻.