Stay informed with CA Markets’ daily market update, providing the latest trends and insights in Forex and CFD trading. Our comprehensive analysis and expert advice are designed to keep you informed and ahead in CFD trading. Whether you’re navigating currency pairs or exploring diverse asset classes, our updates offer valuable perspectives to optimize your trading strategies. Trust CA Markets to deliver timely market analysis that empowers your decisions and enhances your trading experience.
Market Recap
The AUD/USD trades at 0.6653, facing selling pressure amid speculation of Fed rate cuts. US bond yields rose by 8 basis points to 4.48%, boosting the USD DXY index. The US ISM Manufacturing index dropped to 48.5 in June, signaling contraction in production and employment.
Day Ahead
Today’s economic calendar includes:
- RBA minutes
- European CPI
- US JOLTS data
- ECB’s annual central banking forum in Sintra
Economic Data to Watch
Key economic releases:
- NZ: NZIER Business Opinion Survey, May Building Permits
- US: June Wards Total Vehicle Sales, May JOLTS Job Openings
- AU: RBA Minutes of June Policy Meeting
- EU: ECB’s speeches, June CPI Core and Estimate, May Unemployment Rate
- CA: June S&P Global Canada Manufacturing PMI
Mid-Market Rates
| Currency Pair | Mid-market rate |
| AUD/USD | 0.6653 |
| AUD/NZD | 1.0966 |
| AUD/JPY | 107.39 |
| AUD/CNY | 4.8607 |
| AUD/EUR | 0.6195 |
| AUD/GBP | 0.5261 |
Disclaimer
The information provided in this daily market update is for informational purposes only and should not be considered as financial advice. Trading Forex and CFDs involves significant risk of loss and may not be suitable for all investors. Past performance is not indicative of future results. CA Markets does not guarantee the accuracy or completeness of the information provided, and we recommend consulting with a qualified financial advisor before making any trading decisions. Users are solely responsible for their own trading activities and decisions.
