Weekly Market Updates 15/10/2018

ASX is pointing to a negative opening with SPI currently down 51 points despite a rally on Wall Street on Friday. In US, Dow Jones closed up 1.2%, S & P up 1.1% & Nasdaq closed up 2.3%. In Europe, the major markets closed lower with FTSE down 0.2%, CAC down 0.2% & DAX closed down 0.1%. The US markets was sparked by news that US & China trade talks will likely to resume next month at the G20 summit, along with several major banks kicking off third-quarter earnings season with generally upbeat results.
AUDUSD retreated on Friday closing down 0.1% to US $0.71.14. Gold also lost grounds closed down 0.6% to US $1217.05 an ounce while Iron Ore closed higher to US $71.67 a tonne. Market will be looking for strong retail sales number out tonight up 0.7%. In Australia, unemployment numbers is due out on Thursday with market expecting 15,200 job creations for the month of Sept with unemployment to remain steady at 5.3%.
Please contact one of our office for any trading information and opportunities today. 
DATA RELEASES THIS WEEK:
Monday:
USD – Core Retail Sales m/m & Retail Sales m/m
Tuesday:
CAD – BOC Business Outlook Survey
NZD – CPI q/q
GBP – Average Earnings Index 3m/y
Wednesday:
GBP – CPI y/y
Thursday:
AUD – Employment Change & Unemployment Rate
JPY – BOJ Gov Kuroda Speaks
GBP – Retail Sales m/m
EUR – EU Economic Summit
Friday:
CNY – GDP y/y
JPY – BOJ Gov Kuroda Speaks
CAD – CPI m/m & Core Retail Sales m/m

Marketing Team

02 8197 0065

Posted in Foreign Exchange News.