Market Update – 10th June 2016 – Equities, Commodities, AUD Succumb To Profit Taking

Commodities and equities succumbed to a bit of profit taking overnight with Brent crude and natural gas the worst performers among energy commodities while European stocks fell the most among equities, down around 1%. Local equities futures suggest a down day for the ASX 200, but the Aussie dollar is holding on to levels above 0.7400 vs. the Greenback and 0.6500 vs. the Euro.

We finish whats been a quiet data week with a employment numbers out of Canada and Consumer Sentiment figures out of the U.S later this evening. Estimates suggest no real change to Canada’s unemployment rate or to U.S consumer sentiment. Have a fantastic weekend.

DATA RELEASES TODAY:

CAD – Unemployment Rate at 10.30pm

USD – Prelim UoM Consumer Sentiment at Midnight

AUD EXCHANGE RATES:

AUD/USD – 0.7434

AUD/GBP – 0.5139

AUD/EUR – 0.6570

AUD/NZD – 1.0440

AUD/JPY – 79.539

***Above rates are indiciative wholesale rates and intended as a quide only***

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Patrick Downes

Senior Corporate FX Dealer

 Compass Markets

Contact Patrick for a quote on 0431 278 632

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