Market Update 07/02/2025

The AUD/USD pair edged up slightly overnight and is currently trading near 0.6280. A weaker USD and stronger European equities supported the AUD/USD. The pair is expected to remain quiet until the release of US non-farm payrolls data tonight.
Market Update 05/02/2025

Wall Street showed an overall rebound. The Nasdaq index led the gains, rising 1.1%; the S&P 500 index increased by 0.6%; and the Dow Jones index edged up 0.2%. Asian stock markets performed unevenly.
Market Update 24/01/2025

Wall Street stocks showed mixed performance, with the Dow Jones up 0.7%, the S&P 500 up 0.3%, and the Nasdaq down 0.2%. The U.S. 10-year Treasury yield rose 3 basis points to 4.64%, while oil prices fell 1.3% to $74.50 per barrel.
Market Update 22/01/2025

Wall Street had another positive night, with stocks showing strong momentum. The Dow Jones index rose 1.1%, the S&P 500 index gained 0.9%, and the Nasdaq increased by 0.7%. The U.S. 10-year Treasury yield fell 6 basis points to 4.57%, while oil prices dropped 2.6% to $75.90 per barrel.
Market Update 21/01/2025

President Trump’s inauguration sparked market trading enthusiasm. After the Wall Street Journal reported that Trump would outline his trade agenda but not impose new tariffs immediately, the market began to become active. U.S. stock index futures rose, and the dollar fell sharply
Market Update 17/01/2025

The Australian dollar experienced further modest depreciation overnight, reaching a new annual low of 0.6332 against the US dollar. The AUD/USD pair has declined by 5 cents this quarter.
Market Update 18/12/2024

The Australian dollar experienced further modest depreciation overnight, reaching a new annual low of 0.6332 against the US dollar. The AUD/USD pair has declined by 5 cents this quarter.
Market Update 17/12/2024

AUD/USD dropped to 0.6360, reversing yesterday’s gains driven by a hawkish RBA repricing. USD strength overshadowed optimistic signals from Chinese officials about countercyclical policy. Market pricing for a 25bp RBA rate cut in February is now a 50-50 chance after a solid labour force survey, though our team still anticipates easing to start in February.
Market Update 13/12/2024

AUD/USD dropped to 0.6360, reversing yesterday’s gains driven by a hawkish RBA repricing. USD strength overshadowed optimistic signals from Chinese officials about countercyclical policy. Market pricing for a 25bp RBA rate cut in February is now a 50-50 chance after a solid labour force survey, though our team still anticipates easing to start in February.
Market Update 11/12/2024

AUD/USD hovers near 0.6380, just above the year-to-date low of 0.6350, after the RBA expressed growing confidence in inflation moving toward its target. Markets now see a 60% chance of a 25bp rate cut in mid-February, up from under 50% before yesterday’s meeting.