Market Update – 20th May 2019 – AUD & Equities Buoyant Following Morrison Win

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.

The AUD looks in better shape this morning following a Liberal party come from behind win and generally more optimistic investor sentiment over the weekend. The AUD, while near 3 year lows vs. the Greenback, does look a bit healthier this morning having climbed around around half a percent in early trade. Equity markets also appear buoyant thanks to surging U.S stock futures – local equities are to open 1% higher.

No economic data out today and not a great deal out later in the week.

AUD EXCHANGE RATES:

AUD/USD – 0.6870

AUD/GBP – 0.5394

AUD/EUR – 0.6151

AUD/NZD – 1.0536

AUD/JPY – 75.705

OTHER MARKETS:

All Ords (XAO) – 6,460

Gold – A$1,851/oz

Silver –  A$20.92/oz

WTI – US$63.53/barrel

DATA RELEASES TODAY:

No data today

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

 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.

Leave a Reply

Your email address will not be published.