Market Update – 14th October 2019 – Investor Sentiment Improved Friday On The Back Of Positive Trade Talks

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.

Investor Sentiment Improves:

Equities closed out the week in better shape with the major equity indices in the U.S and Europe adding as much as 2.86% in Europe (Dax) and 1.34% in the U.S (Nasdaq). The solid gains came amid renewed hope that a trade deal and progress is still possible in the now 22 month long trade war between China and Trump’s White House administration. Locally, and the ASX is tipped to open strongly this morning.

AUD Gains:

The broadly stronger investor sentiment on Friday helped the AUD make gains right across the board with AUD/USD the best performer up around 1% on Friday evening. AUD/GBP was the only currency pair to pare gains as the British Pound made gained on positive Brexit negotiations.

Bank Holidays: 

No economic data is due out today, but we have bank holidays in the US, Japan and Canada today meaning USD, JPY and CAD payments will all go out tomorrow.


AUD/USD – 0.6756

AUD/GBP – 0.5337

AUD/EUR – 0.6117

AUD/NZD – 1.0681

AUD/JPY – 73.233


All Ords (XAO) – 6,721

Gold – A$2,192/oz

Silver –  A$25.84/oz

WTI – US$54.90 barrel


No data.

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Patrick Downes

Senior Corporate FX Dealer

Phone Patrick – 0431 278 632 



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