Marketwatch APAC

Daily Insights
March 25, 2024

Market Watch APAC – 26th  March 2024


After hitting the lows of 0.6510 Monday morning, the AUDUSD rallied with the support of a rally in Gold, global equities and a US-dollar decline. Traders have been keen to sell into these gains and stall the advance beyond 0.6550’s for the time being. Tight ranges are expected to continue until we receive an update on fresh data releases across the week. In Australia we look for the release of the Westpac Consumer Confidence Index but is not expected to be a market mover. The AUDUSD will be looking to continue consolidating above support at 0.6500/10 if it is to retain any near term neutral bias ,  while resistance around 0.6555/65 initially, will need to be hurdled, for it to gather any upward momentum.

Wall Street stocks were mixed today with the DJI and the S&P slipping as investors mulled over the likely path for US Fed policy and key inflation data due out later this week. The DJI was lower -0.4%, S&P500 lost -0.3% and the Nasdaq lower -0.3%. Australian shares are expected open slightly lower today, as investors position ahead of local and US data releases later in the week.

Gold prices gained 0.5% for the day, as investors in this market look to up-coming US 2inflation figures as to an indication for when the the US Fed will cut interest rates this year.

Copper prices closes higher on the LME as the US-dollar retreats. Dalian Iron ore prices ground higher as signs of improved China consumption and further pledges to support their ailing property market, re-assure traders that demand is improving.

Brent Crude prices settled 1.5% higher, as attacks on energy infrastructure in both Russia and the Ukraine, counteract the possibility for a ceasefire in the Middle East as called for by the United Nations.



Open today 0.6540

Yesterday’s Range 0.6510 / 0.6547


Open today  0.6003

Yesterday’s Range 0.5987 / 0.6015


Yesterday’s Range 1.0843 / 1.0896


Yesterday’s Range 0.6024 / 0.6047


Yesterday’s Range 4.7242 / 4.7466


Yesterday’s Range 0.5165 / 0.5186


We hope you have found our expertly curated MarketWatch analysis useful in navigating the ever-changing FX landscape. To enhance our services and make sure you receive the most relevant and timely insights we have recently made some exciting updates to our newsletter.

To continue receiving our curated MarketWatch insights, we kindly request you resubscribe to our mailing list here:

Economic Calendar

JPY - BOJ Core CPI y/y
EUR - German GfK Consumer Climate
EUR - German 10-y Bond Auction
CAD - Gov Council Member Rogers Speaks
USD - Core Durable Goods Orders m/m
USD - Durable Goods Orders m/m
USD - S&P/CS Composite-20 HPI y/y
USD - HPI m/m
USD - CB Consumer Confidence
USD - Richmond Manufacturing Index
AUD - MI Leading Index m/m

Market Indicators

Currency Pairs
Pair High Low
aud/usd 0.65468 0.651
nzd/usd 0.60128 0.59843
aud/nzd 1.08959 1.08045
usd/jpy 151.542 151.048
usd/cad 1.36139 1.35701
eur/usd 1.08424 1.08009
gbp/usd 1.26522 1.25844
aud/eur 1.65976 1.6535
aud/jpy 99.089 98.455
Equities and Commodities
S&P 500 5229.63
DOW 39364.2
Nasdaq 100 18329.3
ASX200 7792.72
GOLD 2171.2
WTI 81.98

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.