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. See our updated Privacy Policy here.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
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
More View more
Real Time News
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.10% 🇪🇺EUR: -0.15% 🇯🇵JPY: -0.18% 🇬🇧GBP: -0.39% 🇳🇿NZD: -0.56% 🇦🇺AUD: -0.69% View the performance of all markets via
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: -0.05% Oil - US Crude: -0.25% Gold: -0.77% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.72%, while traders in France 40 are at opposite extremes with 71.64%. See the summary chart below and full details and charts on DailyFX:
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here:
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.03% France 40: 0.03% US 500: 0.02% FTSE 100: -0.06% Germany 30: -0.09% View the performance of all markets via
  • AUD declined into the weekend, wiping out earlier gains against USD #IronOre tumbled this week, with futures on #SGX down about 15%! -> 3-month low China is further cracking down on steel output to ebb pollution Iron ore is a key AU export to China, posing a risk #AUD $AUDUSD
  • Further your forex knowledge and gain informed analyses from industry leaders with our free guides, available today. Download the Q3 guide:
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.11% Silver: -0.53% Gold: -0.95% View the performance of all markets via
  • Mexico’s second quarter GDP grows 1.5% q/q and 19.7% y/y, slightly below market expectations. Get your $USDMXN market update from @DColmanFX here:
AUD/USD Falls Short on GDP Data

AUD/USD Falls Short on GDP Data

Walker England, Forex Trading Instructor

Talking Points

  • The AUD/USD Initially Trades Higher on GDP Data
  • Bullish Breakouts Failed, as Prices Declined Back Under .72554
  • SSI Remains Short of Extremes, Reading at +1.85

AUD/USD 30 Minute Chart

AUD/USD Falls Short on GDP Data

(Created using Marketscope 2.0 Charts)

What’s next for the US Dollar? Click HERE for our analysts Free forecast!

The AUD/USD is trading lower this morning, after initially surging overnight on better than expected GDP data. AUD Gross Domestic Product (YoY) (1Q) was anticipated at 2.8%, but released at 3.1%. This news at least temporarily stemmed concerns that the Reserve Bank of Australia may be inclined to cut interest rates at their next meeting on monetary policy on June 7. Price action initially attempted to breakout on this news, pushing the AUD/USD above the R4 pivot at 0.72791. Now price action is trading back inside of today’s 47.6 pip pivot range, suggesting a change in market conditions.

It should be mentioned that today’s range begins at the R3 pivot, which is displayed above at a price of .72554. With prices trading back under this value, it opens up price action to test values of support. This includes the S3 pivot found at .72088. It should be noted, that bearish breakouts may begin under .71841. A movement to this value would be significant, as it would completely invalidate this morning’s bullish momentum. In this scenario, traders may extrapolate 1X today’s range to place preliminary bearish breakout targets near .71365.

AUD/USD Falls Short on GDP Data

Why and how do we use SSI in trading? View our video and download the free indicator here

SSI (speculative sentiment index) for the AUD/USD is just short of extremes reading at +1.85. With 65% of positioning long, this normally suggests a bearish bias for the pair. In the event of a bearish breakout, it would be anticipated that SSI would move to extremes of +2.0 or greater. Conversely, in the event that the AUD/USD breaks out higher, traders should look for SSI to return towards more neutral values.

To Receive Walkers’ analysis directly via email, please SIGN UP HERE

See Walker’s most recent articles at his Bio Page.

Do you know the biggest mistake traders make? More importantly, do you know how to overcome the biggest mistake? Read page 8 of the Traits of Successful Traders Guide to find out [free registration required].

Contact and Follow Walker on Twitter @WEnglandFX.

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