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2021/08/02 Market Chat

Authored by ZanderVanDerMerwe
02.08.2021
Market Commentary
0
2 min

Friday was a bit of a mixed day on the markets as we saw the Nasdaq closing higher however the Dow and S&P closed lower. The Dax and FTSE were similarly fairly mixed as both lacked direction during the day.

Gold sold off aggressively as the precious metal closed the day out just above the $1810 level, down from its daily high of $1830, Silver consolidated throughout the day as it held above $25.33. Brent Crude continued its upward trajectory as it made a daily high of $75.50 before selling off this morning to make a low of $73.92.

The Cryptocurrencies remain stable as Bitcoin holds around the $40 000 level for the major part of the week with $41000 yet to be broken. Ethereum opened up this morning on $2660 up from where it opened up last week on $2153.

During the Asian session, the Australian dollar and Pound are the strongest currencies with the Swiss Franc and Japanese Yen respectively the weakest currencies.

Monday (SAST)
All Day - Bank Holiday (AUD, CAD)
9:55am - German Final Manufacturing PMI (EUR)
4:00pm - ISM Manufacturing PMI (USD)

Tuesday (SAST)
6:30am - RBA Rate Statement (AUD)

Wednesday (SAST)
12:45am - Employment Change q/q (NZD)
Unemployment Rate (NZD)
3:30am - Retail Sales m/m (AUD)
2:15pm - ADP Non-Farm Employment Change (USD)
4:00pm - ISM Services PMI (USD)
4:30pm - Crude Oil Inventories (USD)

Thursday (SAST)
1:00pm - Asset Purcase Facilitiy (GBP)
- BOE Monetary Policy Report (GBP)
- MPC Asset Purchase Facility Votes (GBP)

  • Monetary Policy Summary (GBP)

Friday (SAST)
1:00am - RBA Gov Lowe Speaks (AUD)
3:30am - RBA Monetary Policy Statement (AUD)
1:15pm - MPC Member Broadbent Speaks (GBP)
2:30pm - Employment Change (CAD)
- Unemployment Rate (CAD)
2:30pm - Average Hourly Earnings m/m (USD)
- Non-Farm Employment Change (USD)
- Unemployment Rate (USD)

Authored by ZanderVanDerMerwe
02.08.2021
Market Commentary
0
2 min

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