;

Market Watch

July 12, 2020

Daily Insight

Test

test

trends*

AUD   USD
AUD
 / 
USD
NZD   USD
NZD
 / 
USD
AUD   NZD
AUD
 / 
NZD
USD   JPY
USD
 / 
JPY
USD   CHF
USD
 / 
CHF
USD   CNH
USD
 / 
CNH
USD   CAD
USD
 / 
CAD
EUR   USD
EUR
 / 
USD
GBP   USD
GBP
 / 
USD

economic calendar

Monday - 13

3:30 PM
GBP - BOE Gov Bailey Speaks

Tuesday - 14

1:30 AM
AUD - NAB Business Confidence
3:03 AM
CNY - Trade Balance
3:04 AM
CNY - USD-Denominated Trade Balance
6:00 AM
GBP - GDP m/m
12:30 PM
USD - Core CPI m/m
12:30 PM
USD - CPI m/m

Wednesday - 15

3:50 AM
JPY - BOJ Outlook Report
3:50 AM
JPY - Monetary Policy Statement
6:00 AM
GBP - CPI y/y
6:30 AM
JPY - BOJ Press Conference
1:15 PM
USD - Industrial Production m/m
1:30 PM
CHF - SNB Chairman Jordan Speaks
2:00 PM
CAD - BOC Monetary Policy Report
2:00 PM
CAD - BOC Rate Statement
2:00 PM
CAD - Overnight Rate
2:30 PM
USD - Crude Oil Inventories
3:00 PM
CAD - BOC Press Conference
10:45 PM
NZD - CPI q/q

Thursday - 16

1:30 AM
AUD - Employment Change
1:30 AM
AUD - Unemployment Rate
2:00 AM
CNY - GDP q/y
6:00 AM
GBP - Claimant Count Change
8:30 AM
GBP - BOE Credit Conditions Survey
11:45 AM
EUR - Main Refinancing Rate
11:45 AM
EUR - Monetary Policy Statement
12:30 PM
USD - Unemployment Claims
12:30 PM
EUR - ECB Press Conference
12:30 PM
CAD - ADP Non-Farm Employment Change
12:30 PM
USD - Philly Fed Manufacturing Index
12:30 PM
USD - Retail Sales m/m
12:30 PM
USD - Core Retail Sales m/m

Friday - 17

10:00 AM
GBP - BOE Gov Bailey Speaks
2:00 PM
USD - Prelim UoM Consumer Sentiment

Saturday - 18

3:15 PM
ALL - G20 Meetings

Market Indicators

HIGH

LOW

AUD/USD

0.6971
0.6945

NZD/USD

-0.0008
-0.0008

AUD/NZD

0.0001
0

USD/JPY

107.26
106.65

USD/CHF

0.9431
0.9386

USD/CNH

7.017
6.9938

USD/CAD

1.3631
1.3575

EUR/USD

1.1324
1.1256

GBP/USD

1.2663
1.2568

S&P/ASX 100

55555

S&P/ASX 200

55555

GOLD

5555

BRENT OIL

5555

COPPER ORE

5555

IRON ORE

5555

Market Watch

June 23, 2020

Daily Insight

Market Update

The AUDUSD crashed lower yesterday, following a White House staffer, Navarro, suggesting trade agreements between US and China had broken down only to see him later retract his comments and Trump come out and reaffirm that they were still intact, rebounding the Ozzy to where it had begun at 0.6930. Overnight the pair hurdled resistance at 0.6935 and 0.6950 to test the 0.6977/80, which remains in tact this morning. In the absence of any local data today the pair will continue to follow headlines and rumours for direction.

 

The Kiwi has rallied also on confidence that economic recovery is optimistic albeit  around new cases of coronavirus emerging. Bullish signal still holds for the NZDUSD.

 

Wall Street received a boost with improving economic data and chance of more economic stimulus on the horizon. Tech stocks also continue their winning streak, lifting the Nasdaq. Asia bourses expected to open firmer today.

 

Gold trades to its highest level since 2012, driven by Central Bank monetary stimulus packages and weaker USD.

 

Copper prices continue to strengthen as Trump re-assures China-US deals are still in place and stronger than expected economic data bolstered hopes for a quicker recovery.

 

Oil prices steady and taking a breather after gains earlier in the week.

trends*

AUD   USD
AUD
 / 
USD
NZD   USD
NZD
 / 
USD
AUD   NZD
AUD
 / 
NZD
USD   JPY
USD
 / 
JPY
USD   CHF
USD
 / 
CHF
USD   CNH
USD
 / 
CNH
USD   CAD
USD
 / 
CAD
EUR   USD
EUR
 / 
USD
GBP   USD
GBP
 / 
USD

economic calendar

Tuesday - 23

7:15 AM
EUR - French Flash Manufacturing PMI
7:15 AM
EUR - French Flash Services PMI
7:30 AM
EUR - German Flash Manufacturing PMI
7:30 AM
EUR - German Flash Services PMI
8:00 AM
EUR - Flash Manufacturing PMI
8:00 AM
EUR - Flash Services PMI
8:30 AM
GBP - Flash Manufacturing PMI
8:30 AM
GBP - Flash Services PMI
8:45 AM
GBP - BOE Gov Bailey Speaks
1:45 PM
USD - Flash Manufacturing PMI

Wednesday - 24

2:00 AM
NZD - Official Cash Rate
2:00 AM
NZD - RBNZ Rate Statement

Thursday - 25

11:30 AM
EUR - ECB Monetary Policy Meeting Accounts
12:30 PM
USD - Unemployment Claims
12:30 PM
USD - Final GDP q/q
12:30 PM
USD - Durable Goods Orders m/m
12:30 PM
USD - Core Durable Goods Orders m/m
8:30 PM
USD - Bank Stress Test Results

Friday - 26

12:30 PM
USD - Personal Spending m/m
12:30 PM
USD - Core PCE Price Index m/m
2:00 PM
USD - Revised UoM Consumer Sentiment

Market Indicators

HIGH

LOW

AUD/USD

0.6975
0.6857

NZD/USD

0.6533
0.6437

AUD/NZD

1.0694
1.0654

S&P/ASX 200

5976.64

GOLD

1768.9

BRENT OIL

42.143

COPPER ORE

263.83

Market Watch

June 22, 2020

Daily Insight

Market Update

After starting the week with the AUDUSD under pressure in thin opening trading and with AUDEUR selling flows, market depth bettered and the pair crawled back to 0.6830’s. RBA Gov Lowe was the focus initially, suggesting that a lower AUD was preferable but did not consider the currency to be overvalued against the USD. Amongst other comments, he also suggested that low cash rates likely to remain at record lows for years and slow growth to persist for some time. All-in-all, his comments had little impact on the morning market.

 

Overnight the Ozzy pushed over 0.69-cents again as traders look through the difficulties on the lockdown opening and bet on a forthcoming recovery. The AUD gains were also supported by a softer USD. Buoyant equity prices and commodity gains are likely to temporarily underpin the gains into the Asia session, though any negative headlines are likely to rattle the bulls in light of little significant economic data releases locally.

 

The Kiwi has opened up a technical bullish signal and eyes off 0.65-cent resistance next.

 

Wall Street closes higher with a boost from tech stocks.

 

Gold trades higher as viral pandemic concerns prevail around secondary cases.

 

Copper remain positive, reinforced by constrained inventories and strong demand from China.

 

Oil prices rose 2% as tighter crude supplies prevail as lockdown opens up.

You are receiving this email because you have signed up to receive the Daily Markets Summary. If you would no longer like to receive these updates please email [email protected]

This document is for information purposes only and does not constitute any recommendation or solicitation to any person to enter into any transaction or adopt any trading strategy, nor does it constitute any prediction of likely future movements in exchange rates or prices or any representation that any such future movements will not exceed those shown on any illustration. All exchange rates and figures appearing are for illustrative purposes only. You are advised to make your own independent judgement with respect to any matter contained herein.

trends*

AUD   USD
AUD
 / 
USD
NZD   USD
NZD
 / 
USD
AUD   NZD
AUD
 / 
NZD
USD   JPY
USD
 / 
JPY
USD   CHF
USD
 / 
CHF
USD   CNH
USD
 / 
CNH
USD   CAD
USD
 / 
CAD
EUR   USD
EUR
 / 
USD
GBP   USD
GBP
 / 
USD

economic calendar

Monday - 22

3:00 PM
CAD - BOC Gov Macklem Speaks

Tuesday - 23

7:15 AM
EUR - French Flash Manufacturing PMI
7:15 AM
EUR - French Flash Services PMI
7:30 AM
EUR - German Flash Manufacturing PMI
7:30 AM
EUR - German Flash Services PMI
8:00 AM
EUR - Flash Manufacturing PMI
8:00 AM
EUR - Flash Services PMI
8:30 AM
GBP - Flash Manufacturing PMI
8:30 AM
GBP - Flash Services PMI
8:45 AM
GBP - BOE Gov Bailey Speaks
1:45 PM
USD - Flash Manufacturing PMI

Wednesday - 24

2:00 AM
NZD - Official Cash Rate
2:00 AM
NZD - RBNZ Rate Statement

Thursday - 25

11:30 AM
EUR - ECB Monetary Policy Meeting Accounts
12:30 PM
USD - Unemployment Claims
12:30 PM
USD - Final GDP q/q
12:30 PM
USD - Durable Goods Orders m/m
12:30 PM
USD - Core Durable Goods Orders m/m
8:30 PM
USD - Bank Stress Test Results

Friday - 26

12:30 PM
USD - Personal Spending m/m
12:30 PM
USD - Core PCE Price Index m/m
2:00 PM
USD - Revised UoM Consumer Sentiment

Market Indicators

HIGH

LOW

AUD/USD

0.6922
0.6806

NZD/USD

0.6494
0.6372

AUD/NZD

1.0684
1.0629

USD/JPY

107.01
106.75

USD/CHF

0.9528
0.9465

USD/CNH

7.0815
7.0577

USD/CAD

1.363
1.3519

EUR/USD

1.127
1.1169

GBP/USD

1.2477
1.2336

S&P/ASX 200

5891.99

GOLD

1755

BRENT OIL

42.736

COPPER ORE

263.53

*The arrows indicate how the base currency performed against the counter currency overnight. This document is for information purposes only and does not constitute any recommendation or solicitation to any person to enter into any transaction or adopt any trading strategy, nor does it constitute any prediction of likely future movements in exchange rates or prices or any representation that any such future movements will not exceed those shown on any illustration. All exchange rates and figures appearing are for illustrative purposes only. You are advised to make your own independent judgment with respect to any matter contained herein.