Market Updates 26/11/2018

ASX look set to open in negative trade with SPI currently down 37 points at 5666. This is on the back of negative closes in US and mixed results in Europe with Dow Jones closing down 0.7%, S & P down 0.7% & Nasdaq down 0.5%. In Europe, FTSE closed down 0.1%, CAC closed up 0.2% & DAX also closed up 0.5%.

Oil and  Iron Ore tumbled on Friday with Brent oil closing down 6.1% at US $58.80 a barrel, US crude closed down 7.7% to US $50.80 a barrel & Iron Ore down 2.1% at US $70.13 a tonne.

AUDUSD also retreated 0.3 cents currently trading at US $72.34 cents on the back of a stronger USD as risk apprentice gained while the safe haven currencies such as the YEN and Swiss Franc also advanced.

For local investors, the focus will be on the third quarter construction work done data to be released on Wednesday and capital expenditure statistics on Thursday. In the Global markets, investors will be looking for some indication when ECB President Draghi speech on Tuesday, while in the US, Consumer Confidence numbers are due out on Wednesday, GDP numbers due out on Thursday and Fed Chair Powell’s announcement.

For further trading opportunities please contact one of our FX trading specialists today.

 

DATA RELEASES THIS WEEK:

Tuesday:

GBP – BOC Gov Careny Speaks

EUR – ECB President Draghi Speaks

Wednesday:

USD – CB Consumer Confidence

NZD – RBNZ Financial Stability Report, RBNZ Gov Orr Speaks

AUD – Construction Work Done q/q

GBP – Bank Stress Test Results

Thursday:

USD – Premlim GDP q/q, Fed Chair Powell Speaks

NZD – ANZ Business Confidence

AUD – Priviate Capital Expenditure q/q

EUR – ECB President Draghi Speaks

Friday:

USD – FOMC Meeting Minutes

 

Marketing Team
02 8197 0065
Posted in 外汇新闻.