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.
I can report this morning that there is very little to report in financial markets; of course though the whole Compass team share in sending our condolences to the Christchurch community and Muslim community worldwide.
AUD Little Changed:
The AUD is in much the same position as Thursday morning, with very little movement in any of the majors during Fridays session or over the weekend. AUD/USD continues to meander between 0.7000 and 0.7100, while AUD/GBP could be set to test support again around the 0.5300 level as we hear what’s next for Brexit negotiations.
No Economic Data:
No economic data is due out today, however our local equities market should open higher this morning thanks to a strong finish in the U.S and Europe on Friday evening. Commodities prices remain robust with the low AUD helping to support profit margins for the major miners and exporters as a whole.
AUD EXCHANGE RATES:
AUD/USD – 0.7054
AUD/GBP – 0.5294
AUD/EUR – 0.6225
AUD/NZD – 1.0315
AUD/JPY – 78.688
OTHER MARKETS:
All Ords (XAO) – 6,265
Gold – A$1,884/oz
Silver – A$21.57/oz
WTI – US$58.57/barrel
DATA RELEASES TODAY:
No economic data
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 Downes
Senior Corporate FX Dealer
Phone Patrick – 0431 278 632
{{cta(’22fd720b-8ddc-4846-85e4-6ab59d459f68′)}}
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.