Marketwatch APAC

Daily Insights
June 17, 2024

Market Watch APAC – 18th June 2024


The US dollar enjoyed early gains in off shore trading sessions overnight, with US Treasury yields posting gains. A turn around in Copper futures and equities added to the improvement in risk assets and underpinned the AUDUSD moves back above 0.66-cent in to the end of the US session. Today the focus for traders will be the release of the RBA decision this afternoon, where the central bank is widely expected to keep rates on hold at 4.35%. Day traders will look to support at the 0.6580/85 zone on any decline and resistance through 0.6650’s on any strength.

Wall Street stocks and indices traded firm in to the end of the day after a bumpy session as investors look for further indications for policy from the various Fed spokespersons across the week and additional economic data. The S&P500 was up 1% and the DJI gained +0.6%, while the Nasdaq posted a gain of +1.3% for the day. Australian shares are expected to follow Wall Street moves higher, as investors look forward to the results of the RBA meeting this afternoon.

Gold prices lost ground across the day, as US Treasury yields picked up and investors hold out for further clues from Fed officials this week.

Copper prices dipped after China economic data came in softer than expected. Iron Ore prices on the Dalian Commodity Exchange fell on the tail of softer China economic data released yesterday.

Brent Crude reversed Friday’s losses and added to weekly gains, as investors favour improved conditions for demand in crude and fuel at the back end of the year.



Open today 0.6613

Yesterday’s Range 0.6586 / 0.6624


Open today  0.6132

Yesterday’s Range 0.6105 / 0.6145


Yesterday’s Range 1.0753 / 1.0809


Yesterday’s Range 0.6149 / 0.6188


Yesterday’s Range 4.7884 / 4.8122


Yesterday’s Range 0.5198 / 0.5222

Economic Calendar

USD - FOMC Member Cook Speaks
AUD - Cash Rate
AUD - RBA Rate Statement
AUD - RBA Press Conference
CNY - Foreign Direct Investment ytd/y
All - G7 Meetings
EUR - Final Core CPI y/y
EUR - Final CPI y/y
EUR - ZEW Economic Sentiment
EUR - German ZEW Economic Sentiment
USD - Core Retail Sales m/m
USD - Retail Sales m/m
USD - Industrial Production m/m
USD - Capacity Utilization Rate
USD - Business Inventories m/m
USD - FOMC Member Barkin Speaks
AUD - CB Leading Index m/m
NZD - GDT Price Index
USD - FOMC Member Kugler Speaks
USD - TIC Long-Term Purchases
NZD - Current Account
JPY - Monetary Policy Meeting Minutes
JPY - Trade Balance

Market Indicators

Currency Pairs
Pair High Low
Equities and Commodities
S&P 500 5475.9
DOW 38794.6
Nasdaq 100 19900
ASX200 7737.46
GOLD 2316
WTI 80.66

This document is for information purposes only and does not constitute any recommendation or solicitation to any person to enter into any transaction or adopt any trading strategy, nor does it constitute any prediction of likely future movements in exchange rates or prices or any representation that any such future movements will not exceed those shown on any illustration. All exchange rates and figures appearing are for illustrative purposes only. You are advised to make your own independent judgment with respect to any matter contained herein.