Market Updates 18/06/2018

ASX is shaping for a flat trading session on Monday with investors sidelined of what lies ahead in the trade dispute between US and China, with SPI flat at 6100. Little directions was giving on close of the bell in US, with Dow Jones down 0.3%, S & P down 0.1% & Nasdaq down 0.2%. In Europe, FSTE was up 1.7%, CAC down 0.5% & DAX down 0.7%.

AUDUSD continue to slide on the back of risk averse and strong US dollar last week. At the beginning on last week AUDUSD was above US $0.7600 cents and now trading around US $0.7439.

There’s no local data today and from overseas and puts investors on the sideline with a wait and see view. Investors will look for the speeches  from RBA Gov Lowe, ECB President Draghi, BOJ Gov Kuroda & Fed Chair Powell all on WednesdayOn Thursday, BOE is expecting to keep interest rate on hold at 0.5%.

DATA RELEASES THIS WEEK:

Tuesday:

EUR  – ECB President Draghi Speaks

AUD – Monetary Policy Meeting Minutes

USD – Building Permits

Wednesday:

AUD – RBA Gov Lowe Speaks

EUR – ECB President Draghi Speaks

JPY – BOJ Gov Kuroda Speaks

USD – Fed Chair Powell Speaks

Thursday:

USD – Crude Oil Inventories

NZD – GDP q/q

CHF – Libor Rate & SNB Press Confidence

GBP – MPC Official Bank Rate Votes, Monetary Policy Summary & Official Bank Rate

Friday:

GBP – BOE Gov Carney Speaks

CAD – CPI m/m & Core CPI y/y

 

Andrew Law

General Manager

D: 61 2 9993 0795

M: 0411 625 998

Posted in 外汇新闻.