OctaFX | OctaFX Forex Broker
Open trading account
Back

Market wrap: risk appetite soft, Trump subpoenas weighed - Westpac

Analysts at Westpac offered a market wrap.

Key Quotes:

"Global market sentiment: Risk appetite softened again (S&P500 -0.3%) amid subpoenas on Trump’s campaign. The US dollar and US interest rates fell, but so did the AUD and NZD.

Interest rates: US 10yr treasury yields fell from 2.37% to 2.34%, while in contrast 2yr yields rose from 1.70% to 1.73% - a fresh nine-year high. Fed fund futures yields continued to price the chance of a December rate hike at almost 100%.

Currencies: The US dollar index closed down 0.3% on the day. EUR slipped from 1.1815 to 1.1774. USD/JPY fell from 112.65 to 111.95 – a one-month low. AUD fell from 0.7607 to 0.7536 – a five-month low. Underperformer NZD fell from 0.6883 to 0.6781 – an 18-month low. AUD/NZD rose from 1.1045 to 1.1131.

Economic Wrap

US housing starts rose 13.7% in Oct (vs 5.6% expected). Building permits rose 5.9% (vs 2.0% expected). Recovery after September’s hurricane-affected month is one explanation for the surprises."

South Korea Producer Price Index Growth fell from previous 0.5% to 0% in October

South Korea Producer Price Index Growth fell from previous 0.5% to 0% in October
Read more Previous

The week ahead - Nomura

Analysts at nomura offered a preview of their expecations for the week eahd from the economic calendar. Key Quotes: United States | Data preview "W
Read more Next
Start livechat