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.
Equities Post Gains:
Positive investor sentiment helped equities and commodities make gains Friday night however those gains could be short lived as drone attacks on Saudi oil infrastructure and subsequent comments from the U.S administration over the weekend could roil markets today when they open shortly. Oil is likely to be the big gainer given the large amount of Saudi production taken off line over the weekend. Equities, commodities and the AUD could also encounter selling pressure as investors choose safe havens like the USD, JPY and Gold.
The AUD was down marginally across the board with most losses against the GBP where we were down around 1% on further Brexit volatility.
No economic data is due today.
AUD EXCHANGE RATES:
AUD/USD – 0.6834
AUD/GBP – 0.5460
AUD/EUR – 0.6168
AUD/NZD – 1.0744
AUD/JPY – 73.588
All Ords (XAO) – 6,777
Gold – A$2,164/oz
Silver – A$25.37/oz
WTI – US$54.76/barrel
DATA RELEASES TODAY:
Sign up for a Compass account today and access some of the most competitive rates in the business and arguably the best service.
Senior Corporate FX Dealer
Phone Patrick – 0431 278 632
DISCLOSURE AND DISCLAIMER – GENERAL ADVICE WARNING
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.