Marketwatch APAC

Daily Insights
June 24, 2024


MarketWatch APAC

There was little new news overnight, leaving markets directionless and trading around recent ranges.

Markets are waiting key data released later this week – the personal consumption expenditure deflator, for direction.

US share markets finished weaker, the S&P 500 lost 0.3% and the Nasdaq dropped 1.1%, based largely on the NVIDIA sell-off.

The USD sold off overnight. The AUD/USD pushed higher and moved from 0.6626 to a high of 0.6668.

EUR/USD rose from 1.0700 to 1.0746 and USD/JPY ranged between 159.33 and 159.90.

Oil and gold prices were generally stronger overnight in trade whilst copper and iron ore fell.

Economic Calendar

AUD - Westpac Consumer Sentiment
JPY - BOJ Core CPI y/y
USD - FOMC Member Bowman Speaks
CAD - CPI m/m
CAD - Median CPI y/y
CAD - Trimmed CPI y/y
CAD - Common CPI y/y
CAD - Core CPI m/m
USD - S&P/CS Composite-20 HPI y/y
USD - HPI m/m
USD - CB Consumer Confidence
USD - Richmond Manufacturing Index
EUR - German Buba President Nagel Speaks
USD - FOMC Member Cook Speaks
AUD - RBA Assist Gov Kent Speaks

Market Indicators

Currency Pairs
Pair High Low
aud/usd 0.66675 0.6626
nzd/usd 0.61403 0.60896
aud/nzd 1.08707 1.08193
usd/jpy 159.926 158.718
usd/cad 1.3708 1.36415
eur/usd 1.07463 1.06811
gbp/usd 1.26979 1.26224
aud/eur 1.61609 1.60632
aud/jpy 106.37 105.564
Equities and Commodities
S&P 500 5461.32
DOW 39516.2
Nasdaq 100 19527
ASX200 7786.8
GOLD 2332.8
WTI 81.74

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.