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
More View more
Real Time News
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here:
  • What is your forex trading style? Take the quiz and find out:
  • RBNZ's Hawkesby talking "considered steps" when setting monetary policy, leaning towards 25bps - With money markets pricing in 31bps worth of tightening at the October meeting. Room for disappointment.
  • Gold has plunged nearly 5% off the Monthly high with the sell-off now probing key weekly support here at 1738/47- looking for a pivot here with the Fed interest rate decision on tap. Get your $XAUUSD market update from @MBForex here:
  • RBNZ: - We have benefitted from a robust rebound in China, our main trading partner - The interruption to the economy's supply side has lasted longer than expected
  • RBNZ: - Vaccination program has aided a stronger-than-expected rebound in the global economy - Demand for our exports has fared better than previous recessions
  • Between the volatile risk trend picture at the moment along with the Fed rate decision and expected 100bp hike from the Brazilian central bank both on Wednesday, $USDBRL is going to be a very interesting pair to watch...
  • RT @EricBalchunas: $SPY traded more than the Top 5 stocks combined. Just when you think $SPY is fading away like an aging legend you realiz…
  • Bitcoin sharply lower on the day, but well off session lows around $42,500 $BTCUSD #Bitcoin
  • You know what index didn't suffer an overtly threatening reversal this past session? The Russell 2000. It didn't continue the same steady climb through 2021 that the Dow, SPX and Nasdaq enjoyed; so not as much excess premium
Australian Dollar May Wilt as Yen and US Dollar Rise in Asia Trade

Australian Dollar May Wilt as Yen and US Dollar Rise in Asia Trade

Daniel Dubrovsky, Strategist

Australian Dollar, AUD/USD, Japanese Yen, US Dollar – Asia Pacific Market Open

  • Australian Dollar may fall as week gets going, but AUD/USD uptrend holds
  • Weekend futures hint a “risk-off” tilt that may benefit the Yen and US Dollar
  • Markets may have priced in stimulus bill, US virus deaths may surpass 200k

Australian Dollar May Fall as Japanese Yen and US Dollar Gain Ahead

The “growth-linked” Australian Dollar may wilt as the “anti-risk” Japanese Yen and similarly-behaving US Dollar gain as the new week gets underway. Weekend Wall Street futures – courtesy of IG – showed the Dow Jones Industrial Average down almost one percent heading into Monday’s Asia Pacific trading session. This also follows a rather pessimistic North American trading session when last week wrapped up.

On Friday, the Dow Jones and S&P 500 closed -4.06% and -3.37% to the downside. This is despite the US passing a US$2 trillion fiscal stimulus package to support an economy that is being battered by the coronavirus outbreak. This might have been due to markets having already priced in the bill’s passage, leaving no room for surprise when President Donald Trump signed it into law.

Equities declined into Friday’s close as the Federal Reserve announced it would lower the daily pace of Treasury purchases to $60b from $75b on April 2-3. This would represent a slight reduction in future liquidity provisions. Still, keep in mind that the central bank is currently conducting an open-ended quantitative easing program.

Over the weekend Anthony Fauci – Director of the National Institute of Allergy and Infectious Diseases – said that deaths from COVID-19 could reach 200,000 in the US. Spain also reported a record 838 coronavirus deaths over the course of 24 hours. Meanwhile fatalities from the virus in Italy surpassed 10,000 though deaths slowed for two consecutive days.

Australian Dollar Technical Analysis

AUD/USD continues to trade with an upside technical bias. This followed the Australian Dollar breaking above “outer” resistance on the 4-hour chart below. Shifting to a bearish outlook entails taking out near term rising support which was established when prices bottomed on March 19. Otherwise AUD/USD could be looking to retest lows from February 2009 at 0.6249.

AUD/USD 4-Hour Chart

Australian Dollar May Wilt as Yen and US Dollar Rise in Asia Trade

Chart Created Using TradingView

--- Written by Daniel Dubrovsky, 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.