Navigate Global Payments - Market Headlines

Markets Today – 1 July 2022

MARKET WRAP – 1 July 2022 The last day of trading for the quarter has seen some big moves. German bunds rallied hard, led by the short end on a combination of factors, including relief from no upside surprise to French CPI inflation, month-end buying, and safe-haven flows as the Euro Stoxx 600 fell 1½%. […]

Markets Today – 30 June 2022

MARKET WRAP – 30 June 2022 US equities were mixed as the S&P and Nasdaq lost ground, but the Dow held firm up 0.3%. Brent gave back recent gains to be trading around $115. Currencies were again on the back foot to the USD, pushing Euro to 1.0435 lows and AUD to 0.6862. Asian equities […]

Markets Today – 29 June 2022

MARKET WRAP – 29 June 2022 US equities gave up recent gains with the Nasdaq 3% lower. Oil continued its march higher, as did Iron Ore to now be up 11% in the last week. The USD was stronger against most comers, with the NZD among the worst performers trading down to 0.6238. AUD also […]

Markets Today – 28 June 2022

MARKET WRAP – 28 June 2022 US equities finished lower after trading in the black earlier in the session. Commodities had a good day with Oil and Iron Ore both finishing up. US treasuries fell as did the USD, however the AUDUSD had a relatively benign trading range after finding comfort at 0.6920/30 in Asia. […]

Markets Today – 27 June 2022

MARKET WRAP – 27 June 2022 US equities finished the week in the black, but risk sentiment was varied as Oil posted its first back-to-back weekly loss since April. Iron Ore rallied off its lows and the July thermal coal contract remains close to $400 USD/t. The Aussie dollar closed the week at 0.6941. Asian […]

Navigate Global Payments – Markets Today 24th June 2022

  MARKET WRAP – 24th June 2022 Stocks were firmer Thursday but saw choppy price action as growth woes on poor PMI data were countered with the continued fall in yields and commodity prices.   Weak growth-related data and concerns of an economic slowdown spurred risk aversion on Thursday. AUD/USD is down for a second […]

Navigate Global Payments – Markets Today 23rd June 2022

    MARKET WRAP – 23rd June 2022 Dollar was lower Wednesday and hit a trough of 103.850 as analysts note a brace for further Fed hikes and the possibility that  accelerated monetary tightening could hasten the arrival of lower inflation and possibly a recession, impacting the Dollar. Bank economists are racing to move their […]

Navigate Global Payments – Markets Today 22nd June 2022

  MARKET WRAP 22nd June 2022 RBA Governor Lowe said Australians should be prepared for further interest rate increases and that level of rates is still very low for an economy with low unemployment and high inflation, and effectively ruled out a 75bps hike at the next meeting by noting expectations should be for a […]

Navigate Global Payments – Markets Today 21st June 2022

  MARKET WRAP – 21st June 2022 The AUD/USD retreated from its early high but retains gains and trades around 0.6950. Attention shifts to the Reserve Bank of Australia after the central bank surprised markets by hiking the cash rate by 50 bps to 0.85% in its June meeting.   European equities traded higher and […]

Navigate Global Payments – Markets Today 20th June 2022

  MARKET WRAP – 20th May 2022   The S&P 500 rose 0.22% and finished at 3,674.84, followed closely by the heavy-tech Nasdaq Composite, jumping 1.43% at 10,798.35. At the bottom of the pile is the Dow Jones Industrial Average, which slipped 0.13%, sitting at 29,888.78.   The Australian dollar prepares to finish the week […]