Market Update – 12th November 2018 – AUD Drifts Lower With Equities, USD & CAD Payments Delayed Due To Remembrance Day

AUD is off marginally this morning, but remains near 2 month highs thanks to positive sentiment and a good run last week.

U.S and European equities finished the week poorly, losing between 0.25% and 1.65% with the NASDAQ the worst performer yet again. Tech stocks in the U.S have been under immense pressure lately having run to blistering highs during 2018. Those exceptionally high Price to Earnings (PEs) and Price to Sales (PSs) multiples were always eventually going to come under scrutiny and that’s precisely what’s happened during October and the early part of November.

Payments in USD and CAD will be delayed by one day due to Bank Holidays in Canada and the U.S. tonight. USD and CAD payments will be sent tomorrow evening.

AUD EXCHANGE RATES:

AUD/USD – 0.7190

AUD/GBP – 0.5553

AUD/EUR – 0.6345

AUD/NZD – 1.0690

AUD/JPY – 81.897

USD/BTC – $6,290

OTHER MARKETS: 

All Ords (XAO) – 6,011

Gold – A$1,675/oz

Silver –  A$19.61/oz

WTI – US$59.93/barrel

DATA RELEASES TODAY:

CAD & USD – Bank Holiday for Remembrance/Veterans Day

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

 

{{cta(‘b4d1fdf3-9b81-4df4-87c2-23257194f470’)}} 

Patrick's Signature-802090-edited.jpg

Patrick Downes

Senior Corporate FX Dealer

Phone Patrick – 0431 278 632 

  {{cta(’22fd720b-8ddc-4846-85e4-6ab59d459f68′)}}

CompassFB-1

 

Leave a Reply

Your email address will not be published.