Global Equities Climb Amid USD Weakness and Positive Risk Sentiment Across Wall Street, Asia, and Europe

Welcome to our daily market update. If you have any questions or would like anything further explained, please don’t hesitate to reach out to your account manager or email info@cafx.com

 

Forex Market 

USD Offered as Risk Appetite Improves; AUD Tests Higher

The USD traded broadly weaker across the session as improved risk sentiment supported major currencies. Strong equity performance and steady U.S. yields helped keep volatility contained, while commodity prices remained relatively firm.
The AUD/USD moved within a tight range overnight, settling just below the session highs after peaking during New York trade. Buying interest continues to sit ahead of the key psychological support level, while offers are noted above the upper resistance zone.
Across the majors, EUR/USD and GBP/USD both traded within contained ranges before pushing higher late in the session. USD/JPY fluctuated within its recent band, while NZD/USD edged higher alongside the broader USD softness. USD/CAD also traded within a narrow range as the greenback gradually gave back earlier gains.
Late in the New York session, USD weakness resumed more broadly, with AUD/USD pushing back toward session highs. NZD/USD advanced, while both EUR/USD and GBP/USD extended gains into the close.

General Market

Wall Street

  • Dow Jones +0.6% → 49,484
  • S&P 500 +0.8% → 6,949
  • Nasdaq +1.3% → 23,155
  • VIX -6.9% → 18.20

Asia-Pacific

  • ASX 200 +1.2% → 9,128
  • Nikkei +2.2% → 58,583
  • Shanghai Composite +0.7% → 4,147

Europe

  • FTSE 100 +1.2% → 10,806
  • DAX +0.8% → 25,176
  • CAC 40 +0.5% → 8,559

 

Headlines to Watch

Australia

  • Q4 Capex data includes first survey of FY investment intentions.
  • Market focus on forward-looking business spending plans.

Japan

  • BOJ’s hawkish board member Takata to speak.
  • Markets assessing likelihood and timing of further rate hikes.

United States

  • Weekly jobless claims data.
  • Kansas City Fed manufacturing survey.
  • No major data overnight, but USD direction sensitive to yield moves and risk tone.
Currency PairMid-market Rate
AUD/USD0.7119
AUD/NZD1.1865
AUD/JPY111.18
AUD/CNY4.8909
AUD/EUR0.6026
AUD/GBP0.5251
AUD/HKD5.5674

 

 

 

Disclaimer:

The market update provided by Corporate Alliance FX (CAFX) is for reference only and does not constitute a bid, levy, offer or invitation to offer for the financial product, the basis for any contract or commitment, a recommendation for the purchase or sale of any investment instruments, financial, legal, tax, investment advice, investment advice or other opinions. It will not be legally liable for any consequences or losses caused by the information or content involved.
Corporate Alliance Group Pty Ltd T/A Corporate Alliance FX (CAFX) (ABN 58 167 119 226, AFSL 523351) (i.e. CAFX), CAFX independently holds the Australian Financial Services licence no. 523351 (AFSL), so CAFX is regulated by the Australian Securities and Investment Commission (ASIC) and, and although ASIC is a strictly regulatory body, it does not endorse a specific financial product. ASIC’s regulation of CAFX applies to all services under the financial licence held by CAFX, including the issuance of foreign exchange settlement, foreign exchange payments, foreign exchange risk control, hedging, market making and providing financial advice.3

Facebook
LinkedIn