Author: Dennis Li
An improved risk appetite post the Thanksgiving weekend has helped offshore equities with the Dow up almost 1.50% on good volumes. Somewhat of a concern for the AUD is the fact that the increased appetite for risk has not been reflected in the AUD’s value. It has lost approx. 30 points from yesterday’s close due to a sharp rebound in the USD. A rally in the Crude oil price still couldn’t help the AUD and as we approach the December/ January period which is, apart from the odd exception, a strong period for the Aussie dollar, the markets will be looking for a good reason to take the AUD higher. The catalyst may be the G20 summit where all eyes will be on China and the US and any trade associated comments.
Prior to that, with another quiet week of market-moving economic data ahead, RBA Governor Philip Lowe’s speech this morning and that from Fed’s Powell on both Thursday and Friday before the G20 summit will capture all of the market’s attentions.
© Copyright - EncoreFX, 2018.EncoreFX (Australia) Pty Ltd ABN 42 607 244 879 AFSL 479 870 is the issuer of the financial products in Australia. The information on this website has been prepared without taking into account your objectives, financial situation or needs and so before acquiring any financial services or products from EncoreFX, you should consider the appropriateness of the information having regard to your own objectives, financial situation or needs. You should obtain the product disclosure statement (PDS) for the relevant product and consider the PDS before making any decision to acquire the product. The information on this website is not directed at residents of any country other than Australia and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. It is the responsibility of visitors to this website to ascertain the terms of, and comply with, any local law or regulation to which they are subject.
Adam Nikitins and Stewart McCallum were appointed Joint and Several Voluntary Administrators of EncoreFX (Australia) Pty Ltd on 30 March 2020.
Rees Logan, Adam Nikitins and Stewart McCallum were appointed Joint and Several Voluntary Administrators of EncoreFX (NZ) Limited on 30 March 2020.
Any queries regarding the Administrations should be directed to firstname.lastname@example.org.