CAFX Market Update 24/01/2022

Welcome to our daily market update where we help keep you informed on the latest happenings in the world of FX and show you what this means for the Mighty Aussie Dollar.
If you have any questions or would like anything further explained, please don’t hesitate to reach out to your account manager or email info@cafx.com

Key Data Being Released Today 

• Today
• Japan PMI
• Singapore CPI +3.7% Expected

Macro Report

Risk-off sentiment continued in the European and North American trading sessions with the NASDAQ down 2.75% in the session and US 10 year Treasury yields dropping 5bp to 1.75%. This move also translated to the currencies as AUDUSD plummeted to 0.7178 whilst USDJPY sold off to 113.65 in a move for safe-haven currencies.

 

AUD/USD Daily Chart

 

DXY (USD INDEX) Daily

 

Major Global Markets

Major Global Markets Currencies Level Change (%) AUD/USD 0.7177 -0.13 AUD/JPY 81.588 0.00 AUD/CNH 4.5512 -0.03 DXY 95.6420 -0.10 Rates Yield(%) Change (%) US 10 Year 1.74 -0.04 Aus 10 year 1.935 -0.01 Equities Level Change (%) S&P 500 4398 -1.89 NASDAQ 14438 -2.75 ASX 200 7176 -2.27 Commodities Level Change (%) Iron Ore 121.21 0.67 Gold 1835.38 -0.21 Brent Crude oil 87.89 -0.55