Compass Global Markets' Blog

Market Update - 13th January 2017 - AUD/USD Touches 0.7500 Ahead Of U.S Economic Data

Posted by Patrick Downes on January 13, 2017 at 8:37 AM

Equities dipped overnight, but not before another solid day locally for both equities and the Aussie dollar which saw AUD/USD touch briefly above 0.7500 on the wholesale market. AUD/USD has since come off those highs but still presents reasonably attractive levels to buy USD, EUR and GBP. No data was released overnight however a speech from Fed Chair Janet Yellen this morning followed by a raft of U.S economic data later tonight certainly sets us up for a more volatile evening of trade to cap off a quite week.

In other news, U.K Prime Minister Theresa May is due to speak next Tuesday and is likely to spell out in detail the steps for Brexit to occur over the next year or so - not surprisingly this will probably be marked by quite a bit of movement on markets and more specifically on U.K equities and AUD/GBP.

For those of you starting back this week, I hope you had a pleasant start to the New working Year and again wish you all the best in 2017.

DATA RELEASES TODAY:

USD - Fed Chair Yellen Speaks at 11.00am

CNY - Trade Balance

USD - Retail Sale and PPI at 12.30am

USD - Prelim UoM Consumer Sentiment at 2.00am

AUD EXCHANGE RATES:

AUD/USD – 0.7461

AUD/GBP – 0.6132

AUD/EUR – 0.7027

AUD/NZD – 1.0510

AUD/JPY – 85.790

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

Sign up for a Compass account today and access some of the most competitive rates in the business and arguably the best service.

 

Open Account 

Patrick Downes

Senior Corporate FX Dealer

Compass Markets

Phone Patrick - 0431 278 632 

  Email Patrick: patrick@compassmarkets.com

CompassFB-1

 

Topics: Report, Market

Compass Global Markets' Blog

Subscribe to Email Updates

Recent Posts