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
Subscribe
Please try again
EUR/USD
Bullish
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
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
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • - We are "still swamped with uncertainty" - Must support economy "well into the recovery" - Favorable financing conditions throughout the economy are needed for recovery
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 2.17% Silver: -0.07% Gold: -0.52% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/d9txp3q7W8
  • Heads Up:🇺🇸 EIA Cushing Crude Oil Stocks Change (09/APR) due at 14:30 GMT (15min) Previous: -0.735M https://www.dailyfx.com/economic-calendar#2021-04-14
  • Heads Up:🇬🇧 BoE Haskel Speech due at 14:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-14
  • RT @IGSquawk: $COIN indicating at $340
  • Coinbase shares indicated to open at $340 in Nasdaq debut compared to $250 per share prior Huge opening for $COIN
  • - Expecting major impact from US stimulus to take place in 2022 - Will inevitably see more bankruptcies in future as government guarantees and moratoriums end
  • ECB's Lagarde: - Lots of components beyond vaccinations have driven the divergence between the US and EU - ECB staff currently projecting a 0.3% GDP and 0.15% inflation impact from US stimulus - Measurements of spillovers will have to be done in a careful way #ECB $EUR
  • 🇧🇷 Business Confidence (APR) Actual: 53.7 Previous: 54.4 https://www.dailyfx.com/economic-calendar#2021-04-14
  • #Bitcoin rose to a fresh all-time-high today, trading above the 64,000 level for the first time, but is now trading back slightly below that record level. Cryptos have been boosted this week by the upcoming listing of crypto platform Coinbase. $BTC $COIN https://t.co/g7EXLJvkjL
AUD/USD at a Turning Point Ahead of China CPI. APAC Stocks at Risk?

AUD/USD at a Turning Point Ahead of China CPI. APAC Stocks at Risk?

Dimitri Zabelin, Analyst

Australian Dollar, China CPI, AUD/USD Outlook – TALKING POINTS

The Nasdaq index briefly touched above an all-time high at 10,000 but ended the day less than 0.30 percent higher; its equity peers were not so lucky. The S&P 500 and Dow Jones closed 1.09 and -0.78 percent lower, respectively. The cycle-sensitive Australian and New Zealand Dollars were in pain along with the petroleum-linked Norwegian Krone while the anti-risk Japanese Yen and Swiss Franc prospered.

Gold prices ticked slightly higher, but silver and palladium both closed over one percent lower. The risk-off tilt may have been due in part to fading bullish sentiment alongside a worse-than-expected JOLTS job opening data. The figures came in at 5046, falling short of the 5750 forecast as the previous reading was revised down to 6011 from 6191.

How to Use IG Client Sentiment in Your Trading
How to Use IG Client Sentiment in Your Trading
Recommended by Dimitri Zabelin
Improve your trading with IG Client Sentiment Data
Get My Guide

Wednesday’s Asia-Pacific Trading Session

Wall Street’s sneeze may mean Asia-Pacific stock markets will catch a cold, and growth-oriented currencies like AUD and NZD may be at risk to declining as well. Their emerging market peers may descend with them, though the South Korean Won’s strong performance in the prior session may act as a cushion for potentially bearish sentiment in Asia.

Australian Westpac consumer confidence data for June will be published which could further undermine AUD. This comes at an especially politically-fragile time when Australia and its largest trading partner – China – are showing greater intra-regional friction. The Asian giant will be released its CPI report for June with expectations of a 2.7 percent increase for price growth. A disappointing figure could hurt the Aussie.

Discover your trading personality to help find optimal forms of analyzing financial markets

AUD/USD Forecast

AUD/USD may be at a critical turning point. The pair recently crossed the 0.6911 threshold, though its failure to clear 0.7018 – which also marks the early-January swing-high – could be the early signs of a pullback. The clean rejection at resistance may inspire a wave of sellers to enter the market and capitalize on what may be a broader decline.

AUD/USD – Daily Chart

Chart showing AUD/USD

AUD/USD chart created using TradingView

--- Written by Dimitri Zabelin, Currency Analyst for DailyFX.com

To contact Dimitri, use the comments section below or @ZabelinDimitriTwitter

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

DISCLOSURES