Market Updates 25/03/2019

ASX is posed for a negative opening with SPI currently down 50 points at 6133. This is on the back of sell off in Wall Street & Major European markets on Friday.

Dow Jones closed down 1.8%, S & P down 1.9% & Nasdaq closed down 2.5%. In Europe, FTSE down 2%, CAC down 2% & DAX closed down 1.6%. The markets reacted to renewed fears of a global economic slowdown, which sparked a savage global sell-off. Disappointed data suggesting more sluggish manufacturing conditions in both US & Germany cast doubt on the equity markets’ strong start to the year, causing shares on Wall Street to record their worst fall since January 5.

AUDUSD is currently trading at US $0.7081 cents. Gold closed higher 0.3% at US $1313.70, Brent Oil down 1.2% at US $67.03 a barrel with Iron Ore up 1.7% at US 85.96 a tonne.

Please contact one of our specialists for further information and trading opportunities.

DATA RELEASES THIS WEEK:

Monday & Tuesday – No Major Dataa

Wednesday:

USD – CB Consumer Confidence

NZD – Official Cash Rate &  RBNZ Rate Statement

EUR – ECB President Draghi Speaks

CAD – Trade Balance

Thursday:

NZD – ANZ Business Confidence

USD – Final GDP q/q

Friday:

NZD – RBNZ Gov Orr Speaks

CAD – GDP m/m

GBP – Parliament Brexit Vote

 

 

Marketing Team
02 8197 0065

Market Updates 18/03/2019

ASX is set for a positive trading session on Monday’s opening trade with SPI currently up 35 points at 6206. This is on the back of another strong close in Wall Street on Friday with Dow Jones up by 0.5%, S & P up 0.5% & Nasdaq closed up by 0.8%. In Europe, FTSE up by 0.6%, CAC up by 1% & DAX closed up by 0.9%.

The S & P posted its best weekly gains since the end of November 2018 and Nasdaq had its best weekly gains so far this year.

AUDUSD also had a strong close up by 0.3% at US $0.7085 cents. In Commodities, Spot Gold close up 0.5% to US $1302.40 an ounce, Brent oil down 0.1% to US $67.16 a barrel, US Oil down 0.2% to US $58.52 a barrel with Iron Ore also closed down 0.8% to US 86.52 a tonne.

The week ahead will be dominated by Brexit, policy meetings at the US Federal Reserve and Bank of England and the state of US/China Trade talks. Starting from tomorrow, RBA is due to announce their policy meetings. On Wednesday, we have another Brexit vote and CPI numbers due out with the market expecting a steady 1.9%.

Please contact one of our specialists for further information or trading opportunities.

DATA RELEASES THIS WEEK:

Tuesday:

AUD – Monetary Policy Meeting Minutes

GBP = Average Earnings Index 3/m

Wednesday:

GBP – Parliament Brexit Vote & CPI y/y

Thursday:

USD – FOMC Economic Projections, FOMC Statement & FOMC Press Conference

AUD – Employment Change & Unemployment Rate

CHF – SNB Monetary Policy Assessment & SNB Press Conference

GBP – MPC Official Bank Rate Votes, Monetary Policy Summary & Official Bank Rate

Friday:

EUR – French Flash Services PMI & German Flash Manufacturing PMI

CAD – CPI m/m & Core Retail Sales m/m

 

 

Marketing Team
02 8197 0065

Market Updates 14/01/2019

AXS is posed to opening higher on Monday’s trading session with investors awaits for the start of the US’s corporate reporting season. SPI us currently trading higher up 15 points at 5743.

On the closing markets overseas on Friday, both Dow Jones and S & P was unchanged while NASDAQ closed down 0.5%. In Europe, FSTE closed down 0.4%, CAD down 0.5% and DAX closed down 0.5%.

AUDUSD closed higher up 0.4% to US $0.7215 on the back of a USD retreat  with expectation for interest rate rises by US Federal Reserve. The dollar index is down 1% this year at 95.219. In 2018, the dollar index has its strongest performance since 2015 as the US rate-rise cycle advanced and worries of a trade war boosted the currency’s safe-haven appeal to investors.

Brent Crude Oil closed down 2% to US 60.48 a barrel while US Crude Oil closed down 1.9% to US 51.59 a barrel. Iron Oil closed up 0.1% to US 73.45 a tonne.

There are very little data this week as global investors will be focusing on US corporate earnings. Brexit votes on Wednesday and the two days G20 submitted held on Thursday and Friday.

Please contact of our trading specialists for further information and trading opportunities.

DATA RELEASES THIS WEEK:

Wednesday:

USD – PPI m/m

EUR – EXV President Draghi Speaks

GBP – Parliament Brexit Vote, BOE Gov Carney Speaks, CPI y/y

Thursday:

G20 Meetings

JPY – BOJ Gov Kuroda Speaks

Friday:

GBP – Retails Sales m/m

 

Marketing Team
02 8197 0065

 

Hurstville 营业部搬迁

由于Hurstville Council的新规划,汇通金融Hurstville门店需要迁址,于2018.12.25起暂时关闭。

感谢十年来所有新老顾客的惠顾和支持,新店将于明年2、3月间,Hurstville Station火车站楼上Coles侧面重新装修,届时我们将以崭新的面貌,继续为您提供最好的产品、最优的服务、最美的价格!
Due to Hurstville Council Redevelopment Plans. Our Hurstville branch is temporarily closed and will be relocated in Hurstville Train Station close to Coles in the coming months. We thank you for your patience and ongoing support.

新店装修期间,客户可联络我们就近其它门店继续办理业务,谢谢。

全澳热线:1300  6631 33,
通存通兑,通买通汇!

| Barangaroo | Eastwood | Chatswood | Campsie | Sunnybank (Qld)| Box Hill (Vic)|

展望未来,汇通金融将继续加大科技投入,不断申请更多更高的金融牌照,使自己的交易平台不断升级和优化,向广大客户提供更多更全面的金融服务,将汇通金融打造成一个坚实响亮的华资非银行金融机构的品牌。

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Market Updates 17/12/2018

ASX is set to follow US & Europe with SPI currently down 32 points at 5580. In the closing markets, Dow Jones closed down 2%, S & P down 1.9% & Nasdaq down 2.3%. In Europe, FTSE closed down 0.5%, CAC down 0.9% & DAX down 0.5%.

Economic data from China and ongoing Brexit has caused market frustration. Shares on Wall Street plummeted to an 8 month low with Dow confirming a correction and as signs emerged of a bear market in key sectors.

AUDUSD also felt the market sentiment and was sold off 0.7% trading at $0.7176 cents. Gold also fell closing down 0.3% at $US 1238.45. Brent Oil closed down 1.9% at US 60.28 a barrel while Iron Ore was in demand closing up 4.6% at US$70.74 a tonne.

The market is expecting the US Federal Reserve to lift rate by 0.25% from 2.25% to 2.50% on Thursday. In Australia, employment numbers are due out on Thursday with market expecting 20,000 jobs created in the month of November and unemployment rate unchanged at 5%.

Please contact one of our specialists for further information & trading opportunities.

DATA RELEASES THIS WEEK:

Monday/Tuesday:

No Major Data

Wednesday:

GBP – CPI y/y

Thursday:

CAD – CPI m/m

USD – FOMC Economic Projections, FOMC Statement, Federal Fund Rate & FOMC Press Release

NZD – GDP q/q

AUD – Employment Change & Unemployment Rate

JPY – BOJ Policy Rate & Monetary Policy Statement

GBP – Retail Sales m/m, MPC Official Rate Votes & Monetary Policy Summary

Friday:

GBP – Current Account

CAD – Core Retail Sales m/m, GDP m/m

USD – Core Durable Goods Orders m/m, Final GDP q/q

CAD – BOC Business Outlook Survey

 

 

Marketing Team
02 8197 0065

 

Market Updates 10/12/2018

ASX is set for another negative opening with SPI currently down 30 points trading at 5637. This is on the back of another sell off on Wall Street on Friday with Dow Jones closing down 2.2%, S & P down 2.3% & Nasdaq down 3.1%. In Europe there was a mixed closes with FTSE closed up 1.1%, CAC closed up 0.7% while the DAX closed down 0.2%.

There are numbers of factor that trigger the sell off in the US, with US non-farm payroll missed market expectation. 155,000 jobs was created in November fewer than 200,000 expected. In Australia, the recent revisions to GDP data and soft growth in Q3 have seen economic growth softening to 2.8% y/y – roughly around RBA estimates of trend. These data challenge the RBA’s outlook for above-trend growth into 2019 and increase downside risk to the Bank’s household consumption outlook.

AUDUSD was also pressured  to sell on the weakness in the global markets closing down 0.4$ to $72.02 cents. Gold closed up 0.9% to US $1248.35 an ounce. Brent Crude Oil closed up 2.7% to US $61,67 a barrel. Iron Ore closed down 0.1% to US $66.51 a tonne.

The market is be looking for further direction on Thursday with US CPI numbers & Retail Sales m/m.

Please contact one of our specialist for further information and trading opportunities.

DATA RELELASES THIS WEEK:

Monday:

GBP – GDP m/m & Manufacturing Production m/m

Tuesday:

GBP – Average Earnings Index 3m/y

Wednesday:

USD – PPI m/m

GBP – Parliament Brexit Vote

AUD – Westpac Consumer Sentiment

Thursday:

USD – CPI m/m & Core CPI m/m

CHF – SNB Monetary Policy Assessment & SNB Press Conference

EUR – Main Refinancing Rate

Friday:

EUR – ECB Press Confidence

USD – Core Retail Sales m/m & Retail Sales m/m

 

Marketing Team
02 8197 0065

Market Updates 3/12/2018

ASX is set up opening stronger on Monday with SPI currently up by 25 points trading at 5699. This is on the back of a stronger closes in the US and the on the news that Donald Trump and Xi Jinping has agreed to a 90 day trade war truce. In the US, Dow Jones closed higher at 0.8%, S & P closed up 0.8% & Nasdaq closing 0.8%. In Europe, the markets ended up losing with FTSE closed down 0.8%, CAC down 0.1% & DAX down 0.4%.

AUDUSD open Monday strongly on the back of the truce currently surged to US $73.78 cents with Gold closed lower down 0.1% at US $1222.50. Oil continue to slip with Brent oil closing down 0.8% at US 59.46 a barrel. Iron Ore also closed down 0.8% to US $75.95 a tonne.

Today the focus is likely to be on the reaction to the weekend meeting between US & China. In Australia, RBA is expecting to keep cash rate on holder on Tuesday keeping it at 1.50%. Later this week OPEC will meet to discuss a potential production cut in the wake of the recent plunge in prices. In US, Manufacturing PMI numbers is due out on Tuesday and non-manufacturing PMI due out on Thursday.  The Market will be looking for another strong non-farm payroll numbers due out this Friday with market expecting 200,000 created in the month of November .

US equity markets will be closed on Wednesday (Thursday AEDT) for the funeral of former President George H Bush.

Please contact on of our FX specialists today for further information and trading opportunities.

DATA RELEASES THIS WEEK:

Tuesday:

USD – ISM ManufacturingPMI

AUD – RBA Rate Statement

GBP – BOE Gov Carney Speaks

Wednesday:

AUD – GDP q/q

EUR – ECB President Drahgi Speaks

Thursday:

USD – Fed Chair Powell Testifies, ISM Non-Manufacturing PMI

CAD – BOC Rate Statement & Overnight Rate

Friday:

USD – Average Hourly Earnings m/m, Non-Farm Employment Change & Unemployment Rate

CAD – Employment Change & Unemploymnt Rate

 

Marketing Team
02 8197 0065