Marketwatch APAC

Daily Insights
July 21, 2024

Market watch APAC

 

Australian financial markets will open this morning to the news that President Biden has decided to withdraw from the Presidential race.

 

Markets so far haven’t reacted much to this news, as it doesn’t come as a surprise given the recent conjecture about his leadership.


On Friday US share markets fell once again, the S + P 500 falling 0.7% on the day. This pushed total losses for the week to 2%, the worst since April.

 

The US dollar traded in a narrow range on Friday night, and the aud/usd followed, trading quietly within .6680 -.6710. Not much is expected to move the AUD this week with the next major data being inflation umbers on 31 July.

 

Most major commodities fell with oil down around 3% and iron ore posting a 1% loss.

Economic Calendar

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CNY - 1-y Loan Prime Rate
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CNY - 5-y Loan Prime Rate

Market Indicators

Currency Pairs
Pair High Low
aud/usd 1.49571 1.49194
nzd/usd 1.66395 1.65848
aud/nzd
usd/jpy 157.496 157.155
usd/cad 1.37243 1.37051
eur/usd 0.9189 0.91719
gbp/usd 0.77442 0.77279
aud/eur 1.62837 1.62305
aud/jpy
aud/cny
Equities and Commodities
S&P 500 5511.9
DOW 40293.6
Nasdaq 100 19545.5
ASX200 7907.16
GOLD 2400.86
WTI 78.68

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.