Market Updates 3/9/2018

AXS is posed open higher this morning with SPI currently up 26 points at 6330 on the back of  another strong closed in the US & European markets on Friday.

In US, Dow Jones closed up 0.5%, S & P up 0.6% & Nasdaq up by 0.9%. In Europe, FTSE closed up 0.2%, DAX up 0.2% & CAC closed up 0.2%.  AUDUSD has continue to be sold off on the back of further concerns over the trade war discussions between US & China. Further clouding the trade war was President Trump’s renewed threat to withdraw from the WTO.

AUDUSD can’t be supported by even a  strong commodities market with Gold traded higher up by 1.7% to US $1205 & Iron Ore by 1.3% at US $67.03 a tonne.

There are plenty of  economic data to drive the market today and this week ahead, even with US market closed tonight/tomorrow due to Labor Day holiday . Among the highlights are Retail Sales number out tomorrow,  the RBA’s Policy meeting tomorrow and the release of second quarter GDP numbers due out on Wednesday. On Friday, US Non-Farm and Unemployment numbers are due out with the market expecting additional 191k jobs added for the month of August with unemployment numbers remaining steady at 3.9%.

Please contact one of our specialist for further information and trading opportunities.



AUD – Retail Sales m/m

JPY – BOJ Gov Kuroda Speaks

GBP – Manufacturing PMI


AUD – Cash Rate & RBA Rate Statement

GBP – Manufacturing PMI


USD – ISM Manufacturing PMI

AUD – GDP q/q

GBP – Services PMI

CAD – Trade Balance


CAD – BOC Rate Statement & Overnight Rate

AUD – Trade Balance

USD – ADP Non-Farm Employment Change


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

CAD – Unemployment Rate

Marketing Team

02 8197 0065

Posted in Foreign Exchange News.