We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bearish
Oil - US Crude
Bearish
Wall Street
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • 🇺🇸 House Price Index MoM Actual: 0.1% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2020-05-26
  • Heads Up:🇺🇸 House Price Index MoM due at 13:00 GMT (15min) Previous: 0.7% https://www.dailyfx.com/economic-calendar#2020-05-26
  • Heads Up:🇷🇺 Unemployment Rate due at 13:00 GMT (15min) Expected: 5.5% Previous: 4.7% https://www.dailyfx.com/economic-calendar#2020-05-26
  • Heads Up:💶 ECB Financial Stability Review due at 13:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-05-26
  • 🇺🇸 Chicago Fed National Activity Index Actual: -16.74 Previous: -4.19 https://www.dailyfx.com/economic-calendar#2020-05-26
  • U.S. Market Analyst at https://t.co/JsVsSmefgR, Shain Vernier covers - ✔️ Safe haven assets in volatile markets ✔️ Central banks and governments ✔️ How will commodities trade in a recession Only on Trading Global Markets Decoded #podcast. Tune in here: https://t.co/1UmEzEbwiy https://t.co/JlAqErwfbP
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.64%, while traders in US 500 are at opposite extremes with 75.09%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/MWeht74N7c
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 1.50% 🇦🇺AUD: 1.39% 🇬🇧GBP: 1.30% 🇪🇺EUR: 0.72% 🇨🇭CHF: 0.62% 🇯🇵JPY: 0.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/LT66cMBc99
  • Heads Up:🇺🇸 Chicago Fed National Activity Index due at 12:30 GMT (15min) Previous: -4.19 https://www.dailyfx.com/economic-calendar#2020-05-26
  • ECB would likely launch infringement procedure against Bundesbank if its stop buying bonds under PSPP - sources
Forex Strategy: Stay Short AUDUSD

Forex Strategy: Stay Short AUDUSD

2012-12-04 11:01:00
Ilya Spivak, Head Strategist, APAC
Share:

I sold AUDUSD at 1.0381, aiming for 1.0181. Risk appetite has recovered over recently but the Aussie has been slow to capitalize amid swelling RBA rate cut expectations. In this environment, a likely return to risk aversion is expected to be all the more punishing and I will continue to hold short. A stop-loss will be triggered on a daily close above 1.0479. I opted to hold my EURUSD short earlier in the week but the trade has now stopped out on a break of trend line resistance.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.