Monday 20th July 2015
Market Comment
Australia
The S&P/ASX 200 index was flat on Friday. The index is above its 20d MA (@ 5561) and above its 50d MA (@ 5600).
Australia’s May leading index was 104.8 (vs 104.6 in April) and coincident index 108.5 (vs 108.2 in April), according to the New York-based Conference Board.
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| The US dollar was higher against its U.S. counterparts on Friday. On the economic data front, US Housing Starts surged to 1174K in June from 1069K in May (1106K estimate). building permits increased to 1343K in June from 1250 in May. CPI increased 0.3% MoM in June in-line with estimates. University of Michigan Consumer Sentiment came in at 93.3 in July vs 96.1 in June below the 96 estimate.
The euro was mixed against its major pairs. In Europe, no major economic statistic were released on Friday. The Australian dollar was under pressure against its major Pairs. |
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