Key Data Being Released Today
| Australia – | Westpac Consumer Sentiment (Nov) | |||
| NAB Business Confidence (Oct) | ||||
| New Zealand – | Inflation Expectations (QoQ) | |||
| Eurozone – | Retail Sales (MoM) (Sep) | |||
| United States – | EIA Short-Term Energy Outlook | |||
Macro Report
Currencies markets remained eventful through Asian hours and then into Europe and US sessions.
The Aussie had fallen nearly 1% in early trade yesterday, before recovering and punching above 64.86 levels today.
One of the key themes seemed to be continued thoughts China may loosen their rigid COVID-zero policy. The WSJ added to this theme by running their own story suggesting Chinese leaders were looking for way to reopen their economy.
The recent market girations take place ahead of eagerly awaited US mid-term elctions today, then US CPI later in the week.
AUD/USD Daily Chart
DXY (USD INDEX) Daily Chart
Major Global Markets
| Currencies | Level | Change (%) |
| AUD/USD | 0.6477 | 0.17 |
| AUD/JPY | 94.91 | 0.99 |
| AUD/CNH | 4.6849 | 1.85 |
| DXY | 110.15 | -0.53 |
| Rates | Yield (%) | Change |
| US 10 Year | 4.2140 | 0.051 |
| Aus 10 year | 3.998 | 0.125 |
| Equities | Level | Change (%) |
| S&P 500 | 3809 | 1.03 |
| NASDAQ | 10562 | 0.83 |
| ASX 200 | 6934 | 0.60 |
| Commodities | Level | Change (%) |
| Iron Ore | 85.16 | 2.15 |
| Gold | 1678 | 0.33 |
| Brent Crude oil | 98.14 | 4.12 |