Marketwatch APAC

Daily Insights
October 9, 2023


Open today 0.6411

Yesterday’s Range 0.6343 / 0.6415


Open today  0.6022

Yesterday’s Range 0.5961 / 0.6028


Yesterday’s Range 0.6013 / 0.6070


Yesterday’s Range 4.6287 / 4.6780



Yesterday’s Range 1.0624 / 1.0693


Yesterday’s Range 0.5200 / 0.5241

The AUDUSD and risk assets, gained as geopolitical concerns faded with the former advancing 0.4% into the open for Asia today. Reports that Hamas is open to truce discussions with Israel, added confidence to equity markets and dragged risk assets along with it. AUDJPY flows have been a key indicators of the risk tension, trading flat for the day after a dip in early Asia in response to the weekend attacks. Today, in Australia, we get the release of the Westpac Consumer Confidence data for October and the NAB Business survey. Look for the AUDUSD to remain firm should these results err positive and Asia equities find a lift. Next resistance will find supply emerge at 0.6430 to 0.6460 with support back to 0.6370’s initially.

Wall Street managed gains for the day, with energy stocks leading the way as Oil prices jumped higher. The DJI was up just +0.6%, the S&P500 was up +0.6% and the Nasdaq gained +0.4% for the session. The Australian share market is expected to open higher today, tracking Wall Street and benefiting from higher energy prices and a drive to lustre metals.

Gold prices jumped 1.6% higher as investors migrated to safer haven assets in response to the geopolitical tensions in the Middle east.

Copper prices added to last weeks gains closing up 0.6% on the LME.  Iron Ore futures fell on negative steel mill margins as uncertainty weighed on growth sentiment out of China.

Brent Crude Oil prices jumped over 4% higher as tensions between Israel and Palestine’s Islamist group Hamas ignited concerns for Middle East oil supply.

Economic Calendar

AUD - NAB Business Confidence
JPY - Economy Watchers Sentiment
GBP - FPC Meeting Minutes
GBP - FPC Statement
EUR - Italian Industrial Production m/m
CNY - New Loans
CNY - M2 Money Supply y/y
USD - NFIB Small Business Index
EUR - ECB President Lagarde Speaks
USD - Final Wholesale Inventories m/m
All - IMF Meetings
USD - FOMC Member Waller Speaks
USD - FOMC Member Kashkari Speaks
NZD - Visitor Arrivals m/m

Market Indicators

Currency Pairs
Pair High Low
aud/usd 0.64149 0.63425
nzd/usd 0.60276 0.59602
aud/nzd 1.06661 1.06245
usd/jpy 149.24 148.328
usd/cad 1.36785 1.35633
eur/usd 1.05744 1.05194
gbp/usd 1.22441 1.21631
aud/eur 1.66307 1.64367
aud/jpy 95.263 94.617
Equities and Commodities
S&P 500 4338.35
DOW 33612
Nasdaq 100 15066.7
ASX200 7005.56
GOLD 1860.92
WTI 86.54

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.