Market Updates 12/02/2018

Australia Stock Market (ASX) pointing to a negative start on Monday, with the local banks weighing in due to Royal Commission Inquiry into the financial sector starting today. On Friday session, the Dow swung through a wide 1,000 points range with another turbulent day before closing up 1.4%.


AUDUSD also plunged towards US 0.77cents on Friday before recouping some gains now trading at US 0.7815 cents. AUD is pressured by talks of global interest rates rise while Australia RBA is holding on any indication of an interest rate rise during the first half of 2018. Oil prices also tumbled with Brent shedding 1.8% and Crude down 2.8% on the back of increased output in the US.


Investors will be looking for the US retails sales number due out on Wednesday and in Australia, our employment rate on Thursday.





AUD – RBA Assist Gov Ellis Speaks

GBP – CPI y/y



AUD – Westpac Consumer Sentiment

NZD – Inflation Expectations q/q

USD – CPI m/m, Core CPI m/m, Core Retail Sales m/m & Retail Sales m/m



USD – Crude Oil Inventories, PPI m/m

AUD – Employment Change & Unemployment Rate



NZD – Business NZ Manufacturing Index

AUD – RBA Gove Lowe Speaks

GBP – Retail Sales m/m

USD – Building Permit



Andrew Law

General Manager

+61 411 625 998

Posted in Foreign Exchange News.