Marketwatch APAC

Daily Insights
October 8, 2023


Open today 0.6371

Yesterday’s Range 0.6313 / 0.6400



Open today  0.5976

Yesterday’s Range 0.5924 / 0.6003


Yesterday’s Range 0.6009 / 0.6050



Yesterday’s Range 4.6209 / 4.6760



Yesterday’s Range 1.0646 / 1.0693


Yesterday’s Range 0.5200 / 0.5236

A surge in US Payroll numbers on Friday night has added favour to the US dollar into the weekend. US non-farm payrolls (Sep) came in at 336k versus an expected 170k and previous release revised up to 227k. US Treasury yields rallied as markets and analysts revised expectations for rates to remain higher for longer. The escalation of political tensions and Hamas attacks on Israel over the weekend will dominate markets to open the week, with a chase for safe haven assets such as Gold, US Treasuries and Japanese Yen, while investors shy away from risk assets and risk currencies. No significant data releases for Australia today will have attention on regional equity markets and their reaction to developments in the Middle east. AUDJPY has seen selling interest from the open in early trade. For the AUDUSD look to support at Fridays low of 0.6310’s and selling interest with the fade through 0.64-cents.


Wall Street closed slightly higher as investors digested a US jobs report that implies a stronger US economy amidst slowing wage growth. The DJI was up just +0.9%, while the S&P500 was up +1.2% and the Nasdaq near flat at +% for the session. The Australian share market is expected to open higher today, following on from the enthusiasm of the Wall Street reaction to a stronger US jobs report reflecting a robust economy and moderating inflation.

Gold prices posted gains on Friday and again this morning in reaction to political escalation of the Israel-Hamas conflict.

Copper prices rose above the $8,000 level up 2% that helped to trim back weekly losses.  Dalian Commodity exchange is still closed for Golden week holidays.

Brent Crude Oil prices posted steep weekly losses, but futures have rallied today amongst the escalation of political developments between Israel and Hamas.



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Economic Calendar

JPY - Bank Holiday
EUR - German Industrial Production m/m
EUR - Sentix Investor Confidence
USD - FOMC Member Barr Speaks
CAD - Bank Holiday
USD - Bank Holiday
USD - FOMC Member Logan Speaks
All - IMF Meetings
USD - FOMC Member Jefferson Speaks
GBP - MPC Member Mann Speaks
GBP - BRC Retail Sales Monitor y/y
AUD - Westpac Consumer Sentiment
JPY - Current Account

Market Indicators

Currency Pairs
Pair High Low
aud/usd 1.5748 1.56816
nzd/usd 1.67698 1.67266
usd/jpy 149.139 148.987
usd/cad 1.36763 1.36479
eur/usd 0.94786 0.94633
gbp/usd 0.81954 0.8185
aud/eur 1.66219 1.65541
Equities and Commodities
S&P 500 4278.98
DOW 33216.1
Nasdaq 100 14878.1
ASX200 7011.68

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.