Compass Global Markets' Blog

Market Update - 19th December 2018 - AUD Finishes Overnight Session Unchanged

Posted by Patrick Downes on December 19, 2018 at 8:46 AM

Please note that the commentary below is factual information provided to a group of readers as a web blog, and where an opinion is expressed by the author, it is GENERAL ADVICE only.

RBA Minutes released yesterday showed that the RBA is not overly concerned about the global economy but did note that the U.S/China trade standoff had softened growth somewhat in most advanced economies. Locally the RBA noted that GDP, wages growth and other indicators appear to be ticking along at around their forecasts.

No other economic data was released yesterday or overnight and with equities markets in the U.S flat the AUD finished the overnight session more or less unchanged. Aussie equities look set to open around 1% lower though as U.S equities futures have turned negative after the bell to the tune of around half a percent.

UK CPI is due out this evening.

AUD EXCHANGE RATES:

AUD/USD – 0.7154

AUD/GBP – 0.5641

AUD/EUR – 0.6290

AUD/NZD – 1.0443

AUD/JPY – 80.536

USD/BTC – $3,516

OTHER MARKETS:

All Ords (XAO) – 5,661

Gold – A$1,738/oz

Silver –  A$20.39/oz

WTI – US$46.35/barrel

DATA RELEASES TODAY:

GBP - CPI at 8.30pm


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Patrick Downes

Senior Corporate FX Dealer

Phone Patrick - 0431 278 632 

  Email Patrick: patrick@compassmarkets.com

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 DISCLOSURE AND DISCLAIMER - GENERAL ADVICE WARNING
The information provided in this report has been prepared without taking into account your particular objectives, financial situation or needs. You should consider whether our products are appropriate for you and read the FSG and PDS which are available on this website.
This report and must not be copied, either in whole or in part, or distributed to any other person.
All references to prices, amounts and currency are in Australian dollars unless otherwise noted.
This report is provided for Australian residents only and is not intended for use by residents of any other country.

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