Market Update – 28th November 2018 – AUD & Equities Finish The Overnight Session Flat

U.S Consumer confidence fell in November for the first time in around five months as trade war tensions and a tanking stock market start to weigh on American’s confidence in their economy.  Despite the weaker consumer confidence U.S equities managed to finish slightly ahead with the Dow up 0.44% at the close; European equities fared worse down around 0.2% to 0.4%. The Aussie Dollar moved higher vs. the GBP and EUR but fell marginally vs. the Greenback.

No economic data out today but we have UK Bank Stress tests later today followed U.S Prelim GDP around midnight.

AUD EXCHANGE RATES:

AUD/USD – 0.7191

AUD/GBP – 0.5642

AUD/EUR – 0.6365

AUD/NZD – 1.0609

AUD/JPY – 81.912

USD/BTC – $3,696

OTHER MARKETS:

All Ords (XAO) – 5,802

Gold – A$1,681/oz

Silver –  A$19.58/oz

WTI – US$51.94/barrel

DATA RELEASES TODAY:

GBP – Bank Stress Test Results

USD – Prelim GDP q/q at 12.30am

USD – Fed Chair Powell Speaks at 4.00am

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Patrick Downes

Senior Corporate FX Dealer

Phone Patrick – 0431 278 632 

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