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
The USD strengthened overnight as equity weakness drove safe-haven demand. AUD and NZD were the main laggards, while GBP and EUR outperformed following the BoE decision.
- AUD/USD traded between 0.6464–0.6518, settling near 0.6485.
- EUR/USD climbed to 1.1552 highs, while GBP/USD rose to 1.3142 after the BoE announcement.
- USD/JPY slipped to 152.84 as yields fell, while USD/CAD tested 1.4140.
- Commodity currencies remained soft amid global equity declines.
Key Economic Data Ahead (Sydney Time)
General Market
- Dow Jones -0.5% to 47,080
- S&P 500 -0.7% to 6,745
- Nasdaq -1.2% to 23,221
- VIX +6.3% to 19.15
- ASX 200 +0.3% to 8,828
- Shanghai Comp +1.0% to 4,008
- Nikkei +1.3% to 50,884
- FTSE -0.4% to 9,736
- DAX -1.3% to 23,734
- CAC -1.4% to 7,965
Headlines to Watch
- Focus turns to October jobs report and sentiment data for direction on rate expectations.
- Fed’s Williams to speak in Frankfurt—markets watching for guidance post-rate hold.
- Bank of England keeps rates unchanged at 4.00%, split 5-4, signaling cautious optimism on inflation outlook.
- ECB officials Nagel and Elderson to deliver remarks amid ongoing debate on timing of potential policy easing.
- Household spending data due, providing insight into consumer trends amid weak yen and inflation pressures.
Mid-market rates
|

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
