News & Analysis at your fingertips.

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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
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
Oil - US Crude
Bullish
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
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • Fed's Rosengren says achieving 2% inflation in 4 years would be a matter of luck - BBG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.16%, while traders in NZD/USD are at opposite extremes with 64.95%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/vVgLKSkG2U
  • Gold on pace for another big decline today, support levels are falling fast. ~1800 is the next major area to keep an eye on in my opinion #Gold $XAU https://t.co/mOjSGm2snA
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.35% Gold: -1.88% Silver: -5.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/dpJL9GNED0
  • Gold prices have been showing bearish tendencies for the better part of the past seven weeks, coming fresh on the heels of all-time-highs that printed in early-August. Get your $XAUUSD market update from @JStanleyFX here:https://t.co/ucxIo1pFfg https://t.co/aHUhmb8YVK
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.20% 🇪🇺EUR: -0.26% 🇨🇭CHF: -0.35% 🇨🇦CAD: -0.44% 🇳🇿NZD: -0.99% 🇦🇺AUD: -1.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/3KGtHyMLEM
  • Fed's Rosengren says he is less optimistic against other forecasters in Fed - BBG
  • Fed Chair Powell: - Studying what caused dysfunction in Treasury market back in March - DJ via BBG
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: France 40: -0.25% Germany 30: -0.33% FTSE 100: -0.36% Wall Street: -0.48% US 500: -0.84% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/0ZaXkoSq3u
  • $Gold down to that next support zone, closer and closer to fresh two-month-lows https://t.co/0ecO64jQQc https://t.co/H3eF5Wyi8P
Forex Strategy 06.19.2013 - AUD/USD Bounce to Yield Short Setup

Forex Strategy 06.19.2013 - AUD/USD Bounce to Yield Short Setup

2013-06-19 12:30:00
Ilya Spivak, Head Strategist, APAC
Share:

AUDUSD has taken a heavy beating over recent weeks amid building RBA interest rate cut expectations as worrisome economic data from China casts doubt on the outlook for demand from Australia’s largest trading partner. Record-high speculative net short positions in the FX futures space hint the short side may be overcrowded, with prices vulnerable to a corrective upswing. I will look for a selling opportunity in the 0.98-0.99 area in the days ahead.

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

DISCLOSURES