Marketwatch APAC

Daily Insights
December 17, 2023

Market Watch AU – 18th December 2023


The US-dollar closed a busy week with  a choppy session on Friday, as less dovish comments from US Fed official Williams gave the greenback a temporary boost before easing into the weekend. The antipodean currencies responded to the moves easing inside the session before closing the week on a positive note. The AUDUSD is looking to be a quiet day with little in the way of significant data to be released today. Ahead this week the market will look for the release of the RBA Minutes tomorrow to shed some light on how the central bank is lining up the outlook for 2024. The AUDUSD pair has been trading the trending channel, so day traders will look to continuing support at 0.6650/60 and grinding gains through to the resistance level at 0.6770.


Wall Street stocks finished the week in choppy fashion but registered a gain for the period. The DJI was up +0.2%, the S&P500 lost some small ground -0.01% and the Nasdaq gained +0.35% by close.  Australian shares look to open softer today after Fed official John Williams delivered a more hawkish view to the interest rate outlook stating it was ‘premature’ to be discussing the end of the Fed’s tightening cycle.


Gold prices dipped on Friday but closed the week out with an overall gain. This market is still recycling in to the conclusion of the Fed hiking cycle.

Copper prices softened as the US-dollar managed some gains. Iron Ore futures on the Dalian exchange declined as the market was disappointed by the lack of further China stimulus measures forthcoming.

Crude Oil prices traded a wobbly session as traders attempted to grapple the outlook for demand and pricing in to the next year.




Open today 0.6706

Yesterday’s Range 0.6664 / 0.6728


Open today  0.6190

Yesterday’s Range 0.6169 / 0.6249


Yesterday’s Range 1.0768 / 1.0819


Yesterday’s Range 0.6087 / 0.6165


Yesterday’s Range 4.7556 / 4.7940


Yesterday’s Range 0.5243 / 0.5297


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Economic Calendar

EUR - German ifo Business Climate
GBP - MPC Member Broadbent Speaks
EUR - German Buba Monthly Report
CAD - NHPI m/m
USD - NAHB Housing Market Index
NZD - Trade Balance

Market Indicators

Currency Pairs
Pair High Low
aud/usd 0.67282 0.66629
nzd/usd 0.62294 0.61776
aud/nzd 1.08175 1.07716
usd/jpy 142.464 141.428
usd/cad 1.34148 1.335
eur/usd 1.10037 1.08881
gbp/usd 1.27906 1.26628
aud/eur 1.64074 1.62168
aud/jpy 95.441 94.717
Equities and Commodities
S&P 500 4724.09
DOW 37340.3
Nasdaq 100 16625.4
ASX200 7372.31
GOLD 2018.6
WTI 71.61

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.