Blogs

The AUD/USD opened the Asian session virtually unchanged, but on Tuesday registered decent gains of 0.14%, bracing at around the 200-day moving average (DMA) at 0.6578.

The S&P 500 index has registered two all-time highs in quick succession.

In after-market trading, Netflix shares are higher by more than 7% after the company reported Q4 earnings.

The Canadian Dollar (CAD) is mostly steady on Tuesday as broad-market sentiment dictates the flow of CAD pairs as Loonie traders buckle down ahead of the Bank of Canada’s (BoC) latest rate call and subsequent press conference.

Australia's Judo Bank Purchasing Managers' Index (PMI) showed a welcome rebound in the PMI Manufacturing component, hitting an 11-month high of 50.3 and helping to drag the Composite PMI Output Index to a four-month high of 48.1 versus December's print of 46.9.

Australia Judo Bank Manufacturing PMI climbed from previous 47.6 to 50.3 in January

New Zealand's Consumer Price Index (CPI) eased further in the fourth quarter of 2023, coming in at 0.5% QoQ in-line with forecasts and cooling off further from the previous quarter's 1.8%.

Australia Judo Bank Services PMI climbed from previous 47.1 to 47.9 in January

Australia Judo Bank Composite PMI: 48.1 (January) vs 46.9

The US Dollar (USD) index has been experiencing an uptrend, with the index currently trading up to the 103.70 level.