Market Updates 24/9/2018

ASX is looking for a negative trading opening on Monday with SPI currently down by 23 points at 6169 despite some good closing in both US & European markets on Friday.

In US, Dow Jones closed up 0.3%, S & P closed flat with Nasdaq down 0.5%. In Europe, FTSE closed up 1.7%, CAC up by 0.8% and DAX closed up 0.9%. The Australia dollar was flat over the weekend, holding near US $73 cents with Gold losing some grounds down 0.6% at US $1200.04 and Iron Ord down 0.1% at US 60.13  a tonne.

The highlight for this week was the US Federal Reserve’s two day policy meeting which will be concluded on Thursday. The Fed is expected to increase US interest rates for the 8th time in the current cycle and release updates on some economic projections. Investors will trade with some cautions this week with both US and China will respectively lift tariffs on a range of each other’s products this week.

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

DATA RELEASES THIS WEEK:

Monday:

EUR – ECB President Draghi Speaks

Tuesday:

JPY – BOJ Gov Kuroda Speaks

Wednesday:

USD – CB Consumer Confidence

NZD – ANZ Business Confidence

Thursday:

USD – Crude Oil Inventories, FOMC Economic Projections, FOMC Statement, Core Durable Goods Orders m/m & Final GDP q.q

NZD – Official Cash Rate, RBNZ Monetary Policy Statement & RBNZ Rate Statement

EUR – ECB President Draghi Speaks

Friday:

USD – -Fed Chair Powell Speaks

CAD – -BOC Gov Poloz Speaks & GDP m/m

GBP – Current Account

Andrew Law

General Manager

D: 61 2 9993 0795

M: 0411 625 998

Posted in 外汇新闻.