Compass Global Markets' Blog

Market Update - 26th February 2018 - Equities & Commodities Finish Last Week In Positive Territory

Posted by Patrick Downes on February 26, 2018 at 8:29 AM

Not much happened over the weekend in terms of economic data releases however commodities and stocks performed pretty well Friday evening which suggests markets and the Aussie dollar open today in a reasonably buoyant fashion. The Spot Iron Ore price is also holding up nicely and ever so slowly edging towards US$80 a tonne which is certainly bullish for the AUD and the commodities sector in general.

Again its a very quiet start to the week with no economic data released today or overnight. The first bit of local data is released Wednesday where we will see whether there has been any growth in Private Sector Credit in Australia.


AUD/USD – 0.7833

AUD/GBP – 0.5602

AUD/EUR – 0.6371

AUD/NZD – 1.0738

AUD/JPY – 83.740

USD/BTC – $9,584


Gold – A$1695/oz

Silver –  A$21.09/oz

WTI – US$63.52/barrel


No Data

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

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Patrick Downes

Senior Corporate FX Dealer

Phone Patrick - 0431 278 632 

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