AUD Jumps as RBA Keeps Interest Rates On Hold... | US Factory Orders Decline in April ... | Commodities Higher...

Niv Dagan

Peak Asset Management

Good Morning, So June hasn’t kicked off like we’ve hoped, with the XJO down ~ 150 points over the past two trading days, but it is early on and we keep fighting. Last night, the AUD/USD rallied 2.23%.... One of the biggest moves we have seen in the past 12 months, as the RBA kept interest rates on hold and a weakness in the USD lifted sentiment… That’s a big move… Is there now a change of trend and have we seen a bottom for the AUD? It will all depend on the US 10 year bond rates… so keep an eye on these… US stocks eased on Tuesday (Dow down 22 points), as a jump in bond yields hit utilities and other top dividend payers, but energy gains and optimism Greece is near a deal with creditors limited losses. New orders for US factory goods unexpectedly fell in April as demand for transportation equipment and other goods weakened. The SPI is pointing to a 17 point rise on open


Niv Dagan
Executive Director
Peak Asset Management

Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...

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