Daily Market Update

Key Data Being Released Today. Thursday USD Crude oil inventories: prev -1.5M NZD GDP q/q: Exp 1.2% AUD Employment change: Exp -80.0K AUD Unemployment rate: Exp 4.9% EUR President Lagarde Speaks USD August Core retail sales m/m: -0.2% USD August retail sales m/m: exp. -0.8% USD Philly Fed Manufacturing Index: exp. 18.9 USD unemployment rate: […]

AUDUSD Day’s range: 0.73134 – 0.73693   Investors expect the speech from RBA Gov Lowes today will give further clarification on the RBA’s monetary policy decision last week. However, it is unlikely that Lowes will give any hints for the future path of monetary policy. Asian stocks dropped after Wall street stocks fall on growth

AUDUSD Day’s Range: 0.73450 – 0.74042   U.S. job openings reached a new record high in July while layoffs rose moderately, indicating that employers unable to find workers was the main reason for last month’s sharp slowdown in hiring rather than weak demand for labour. The JOLTS report showed an increase of job openings from

AUDUSD Day’s Range: 0. 72179  – 0.71486   Investors see hope for the Australian economy in the coming years. Prime Minister Morrison plans to remove the strict lockdowns once the vaccination level reaches 70% to 80% and focuses are shifting from cases to vaccination rate and hospitalization. AUDUSD started to appreciate despite the extension lockdown

AUDUSD Day’s range: 0.72286 – 0.72696   Yesterday’s RBNZ monetary policy decision (0.25% v. 0.50% exp) and the FOMC meeting minutes lead to a selloff in both AUD and NZD. Investors are expecting the central bank of New Zealand to raise its lending rate but RBNZ chose to keep its lending rate at 0.25% unchanged.