Market Update – 11th November 2016 – Markets Reasonable Stable 2 Days After U.S Elections

Markets are looking reasonably healthy going into the last day of the week with AUD/USD just holding above 0.7600 while commodities and equities have continued to rebound following initial falls after the U.S Presidential election.

Little data is due out today but we do have U.S conumer sentiment numbers at 2am. I’m not sure when these sentiment figures are gathered but assuming it’s happened after the Presidential election on Tuesday then we should see a clear indication on what consumers think about the election of The Donald to the highest level of office.

Other than that I hope you’ve all had an eventful and enjoyable week and I’ll be getting in touch with a lot of my existing clients over the next little while with the hope of meeting any of you who I havn’t yet had a formal face to face meeting.

DATA RELEASES TODAY:

USD – Prelim UoM Consumer Sentiment at 2.00am

AUD EXCHANGE RATES:

AUD/USD – 0.7604

AUD/GBP – 0.6042

AUD/EUR – 0.6962

AUD/NZD – 1.0527

AUD/JPY – 81.06

***Above rates are indicative wholesale rates and intended as a guide only***

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Patrick Downes

Senior Corporate FX Dealer

Compass Markets

Phone Patrick – +61 03 9099 8459

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