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
Wall Street
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
  • Further your forex knowledge and gain insights from our expert analysts on EUR with our free guide, available today:
  • Scoping out next week for trading the market, there are a range of high profile influences including September PMIs, Evergrande and a range of central bank decisions. Top listing on my docket is the #FOMC with my scenarios below. Full analysis:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • All eyes on the Fed on Wednesday as investors weigh on chances of a taper announcement. Get your weekly equities forecast from @HathornSabin here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • The US Dollar caught a bid in the late part of last week to set a fresh September high. FOMC is around the corner, are bulls going to be able to push for another fresh high? Get your weekly US Dollar forecast from @JStanleyFX here:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • The Australian Dollar remains vulnerable to most of its major counterparts, with AUD/USD and AUD/JPY resuming losses. Did AUD/NZD bottom? AUD/CAD may consolidate. Get your weekly Australian Dollar forecast from @ddubrovskyFX here:
Risk Aversion Lingers, Asia Stocks and Australian Dollar at Risk

Risk Aversion Lingers, Asia Stocks and Australian Dollar at Risk

Daniel Dubrovsky, Strategist

Asia Pacific Market Open – Canadian Dollar, BoC, Risk Aversion, Australian Dollar, Japanese Yen

  • Canadian Dollar plunged across the board on less hawkish BoC monetary policy announcement
  • Risk aversion still engulfed financial markets, US ones were closed. USD edged cautiously higher
  • Dow futures pointing lower, Asia stocks at risk. Japanese Yen could gain as AUD extends selloff

Find out what the #1 mistake that traders make is and how you can fix it!

With US markets closed for a national day of mourning for former President George H.W. Bush, intense FX volatility could be found externally and from their northern neighbors. The Canadian Dollar plunged across the board, weakened by a relatively less hawkish BoC monetary policy announcement. The probability of a hike in January next year dropped all the way to 26.4% from 66% at the end of last week.

In short, the central bank expects CPI to ease in the coming months, adding that there could be more room for non-inflationary growth. However, they are still committed to raising rates ‘into a neutral range’ and that the future policy stance depends on oil, investment and capacity. Speaking of, crude oil prices swung as OPEC+ members recommended production cuts, but an agreement was not made on the size.

The pro-risk Australian Dollar accelerated its downside momentum as anticipated following a lackluster local third quarter GDP report. Reports that China swung into action to implement trade reforms with the US to avoid tariffs during the 90-day ceasefire ultimately failed to cool risk aversion. Asian and European benchmark stock indexes finished the day lower. The US Dollar ended cautiously higher, benefiting from its safe haven status.

As we head into Thursday’s Asia Pacific trading session, Dow Futures are pointing lower following the selloff in non-US stocks Wednesday. Fears of global growth slowing down and early signs of an inversion in the US yield curve seem to be weighing on sentiment. With that in mind, Asia/Pacific equities may trade lower, boosting the anti-risk Japanese Yen.

Meanwhile the Aussie Dollar awaits trade balance and retail sales data. With yesterday’s disappointing GDP report, local economic news flow has been tending to underperform relative to economists’ expectations as of late. This opens the door to a downside surprise here, further pushing out 2019 RBA rate hike bets. Overnight index swaps are pricing in a 50% chance of one in December of next year.

US Trading Session

Risk Aversion Lingers, Asia Stocks and Australian Dollar at Risk

Asia Pacific Trading Session

Risk Aversion Lingers, Asia Stocks and Australian Dollar at Risk

** All times listed in GMT. See the full economic calendar here

Fundamental Forecast

CAD Bracing for Volatility: BoC Hold, Jobs Report, OPEC Oil Cuts?

FX Trading Resources

--- Written by Daniel Dubrovsky, Junior Currency Analyst for

To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter

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