It was a mixed day in the market yesterday as profit taking on the Nasdaq drove price down to a daily low of 13 788 following a new all time high of 14 044 yesterday. Dow rallied on open to make a new all time high.
European indices were mixed as the Dax followed the S&P selling off aggressively while FTSE rallied to approach the 7000 mark prior the European open.
Gold remained mixed as it ranged between $1730 and $1748. Silver kept on rallying as it broke through $25.50 in this morning’s session. Brent rallied well to close out the day on $66 up from its open of $63.73.
There was some profit taking on Bitcoin as it approached the 65 000 mark to make a daily low of 61 200 before recovering to close the day out on 62 328.
Australian employment change and unemployment rate came in better than expected which saw the Australian Dollar strengthen against all major currencies. The New Zealand dollar grabbed some of the AUD’s momentum as it strengthened the Asian session while the Yen gave up some more ground as it weakened against all major currencies.
Focus for today will shift over to Retail Sales figures set to be released this afternoon out of the US.
3:30am - Employment change (AUD)
3:30am - Unemployment Rate (AUD)
2:30pm - Core Retail Sales m/m (USD)
2:30pm - Retail Sales m/m (USD)