CAFX Market Update 27/10/2022

Welcome to our daily market update, where we help keep you informed on the latest happenings in the world of FX.
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

Japan                        – BoJ Outlook Report (YoY)
Eurozone                – ECB Interest Rate Decision (Oct)
United States         – GDP (QoQ) (Q3)
Core Durable Goods Orders (MoM) (Sep)

Macro Report

The DXY continued to trend lower overnight, losing ground against all the major pairs. The Aussie was an out-performer amongst the currencies.

Yields were generally lower as markets run with a theme of potential Fed Pivot.

Adding to the narrative of globally less hawkish central bankers was the Canadian central bank that only lifted rates 50bps instead of the expected 75bps, following a similar RBA hike last month.

Ahead tonight, the ECB interest rate decision looms, with expectations of a 75bps hike.  That will be followed by US GDP.

AUD/USD Daily Chart

DXY (USD INDEX) Daily Chart

Major Global Markets 

Currencies Level Change (%)
AUD/USD 0.6493 1.55
AUD/JPY 95.04 0.49
AUD/CNH 4.6676 -0.19
DXY 109.71 -1.12
Rates Yield (%) Change
US 10 Year 4.0150 -0.093
Aus 10 year 3.883 -0.077
Equities Level Change (%)
S&P 500 3831 -0.74
NASDAQ 10971 -2.04
ASX 200 6811 0.18
Commodities Level Change (%)
Iron Ore 94.61 0.11
Gold 1667.9 0.61
Brent Crude oil 93.52 0.28

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