Market Update – 10th April 2019 – Groundhog Day, AUD Hasn’t Moved

Please note that the commentary below is factual information provided to a group of readers as a web blog, and where an opinion is expressed by the author, it is GENERAL ADVICE only.

Believe it or not the AUD is not a single point different from yesterday’s figures at the same time. Obviously we still had a bit of volatility throughout the past 24 hours, but I’m literally seeing the same numbers and I have to admit I have never seen that before. Quite an anomaly, but I digress.

Home Loans & Equities:

So what’s happened over the past 24 hours? Well we saw the release of home loans data yesterday, which showed a little life with growth in home loans at 2% month on month and following a string of heavy falls in the previous 3 months. We haven’t strung two positive months together since the boom times of 2017. Overnight we saw no real news or economic data, however U.S and European equities declined as market participants took profits and a breather from a pretty solid stretch of gains since the start of 2019. Whether or not those gains continue is anyone’s guess, but a run like that always sees eventual profit taking.

Economic Data: 

A fair bit of economic data is out over the next 24 hours, with Westpac Consumer Sentiment at 11.30am, followed by UK GDP, European Interest Rates, U.S CPI tonight and the Fed’s FOMC statement early tomorrow morning. AUD will likely have moved tonight given the upcoming data, however which way depends alot on sentiment and Jerome Powell’s FOMC statement at 5.00am.


AUD/USD – 0.7093

AUD/GBP – 0.5426

AUD/EUR – 0.6294

AUD/NZD – 1.0535

AUD/JPY – 78.961


All Ords (XAO) – 6,315

Gold – A$1,830/oz

Silver –  A$21.37/oz

WTI – US$64.21/barrel


AUD – Westpac Consumer Sentiment at 11.30am

GBP – GDP m/m at 7.30pm

EUR – Monetary Policy Statement and Interest Rate Decision at 10.45pm

USD – CPI at 11.30pm

USD – FOMC Meeting Minutes at 5.00am (tomorrow morning)

Sign up for a Compass account today and access some of the most competitive rates in the business and arguably the best service.



Patrick's Signature-802090-edited.jpg

Patrick Downes

Senior Corporate FX Dealer

Phone Patrick – 0431 278 632 



The information provided in this report has been prepared without taking into account your particular objectives, financial situation or needs. You should consider whether our products are appropriate for you and read the FSG and PDS which are available on this website.
This report and must not be copied, either in whole or in part, or distributed to any other person.
All references to prices, amounts and currency are in Australian dollars unless otherwise noted.
This report is provided for Australian residents only and is not intended for use by residents of any other country.

Leave a Reply

Your email address will not be published.