Market Update – 22nd November 2018 – AUD Advances With Equities & Commodities

The Aussie dollar has shot up nearly 1% overnight thanks to stronger commodity prices and a good night for global equities, which saw the NASDAQ up nearly 1% while the German DAX was the best performer in Europe up 1.61%. Of the major indices across the globe the U.S triumvirate of the DOW, NASDAQ and S&P are the only stock markets to remain in positive territory over the past year, the rest are all now negative with the Chinese market leading the pack down nearly 24%.

The only economic data released overnight was U.S Core Durable Goods Orders which came in at a very flat 0.1% and continued a theme of weak business investment over the past 6-12 months. Business investment is typically seen as a sign of the health of the U.S economy as businesses invest in future demand for their products and services. Continued weak numbers could suggest that the end of this 10 year+ business cycle could be close.


AUD/USD – 0.7231

AUD/GBP – 0.5652

AUD/EUR – 0.6347

AUD/NZD – 1.0599

AUD/JPY – 81.831

USD/BTC – $4,395


All Ords (XAO) – 5,722

Gold – A$1,688/oz

Silver –  A$19.95/oz

WTI – US$54.51/barrel



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Patrick Downes

Senior Corporate FX Dealer

Phone Patrick – 0431 278 632 




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