Good Morning,
Market Headlines
Mixed sentiment to round out last week with Wall St closing in the red, with the Dow and S&P closing down 0.4% on the day while the Nasdaq was only 0.1% weaker on the day. In Brexit news, there were reports that significant hurdles remained to reaching a deal. This seemed to keep GBP/USD under a little pressure into the close though it remained above the daily lows. Commodities saw Crude +1.4%, Copper +1.1%, Iron ore +2.2% Gold $1881/oz.
Currency
AUD/USD: 0.7585 – 0.7625
EUR/USD: 1.2226 – 1.2268
GBP/USD: 1.3472 – 1.3556
USD/JPY: 103.20 – 103.59
USD/CAD: 1.2740 – 1.2799
NZD/USD: 0.7111 – 0.7143
AUD/JPY: 78.42 – 78.82
AUD/NZD: 1.0646 – 1.0696
AUD Thoughts
AUD is opening on the backfoot this morning with a test of recent 0.7580/85 lows as currencies react in thin liquidity to weekend news. Look for further interest in this area and then again nearer 0.7540. Offers from the 0.7640 region need to be cleared if we are to keep the topside momentum intact into the Christmas break.
Event Risk Data Today
US – November Chicago Fed National Activity Index
EU – December Consumer Confidence