Market Update – 27th November 2018 – AUD Holding Steady While Overseas Equities Continue Volatile Streak Up 2%

The AUD is unchanged this morning and continues to hover around 0.7200 vs. the Greenback and 0.6350 vs. the EURO, while AUD/GBP is holding just above 0.5600 as U.K law makers continue to mull over the details of the Brexit deal that the EU have agreed to.

Equity markets continued their volatile streak led again by the tech heavy Nasdaq which finished up 2.06% in New York overnight, while the S&P and Dow moved higher by as much as 1.5%. European equities also advanced, gaining between 1% and 2%.

A whole raft of Central Bank speeches throughout yesterday and overnight had little impact on markets and gleamed very little new information as such their isn’t a great deal to report.

U.S CB Consumer Confidence is due out tonight around 2.00am, with economists tipping a very slight decline in the index.

AUD EXCHANGE RATES:

AUD/USD – 0.7200

AUD/GBP – 0.5612

AUD/EUR – 0.6347

AUD/NZD – 1.0635

AUD/JPY – 81.821

USD/BTC – $3,619

OTHER MARKETS:

All Ords (XAO) – 5,749

Gold – A$1,691/oz

Silver –  A$19.72/oz

WTI – US$51.79/barrel

DATA RELEASES TODAY:

USD – CB Consumer Confidence at 2.00am

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Patrick Downes

Senior Corporate FX Dealer

Phone Patrick – 0431 278 632 

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