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.



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
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
  • Fed's Brainard: -Inflation tough to predict, may be transitory -Important to stay patiently focused on reaching goals -Data shows price expectations well anchored at 2% -Fed has tools and will react if inflation accelerates too much -Supply/Demand bottlenecks add to uncertainty
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.23% FTSE 100: 0.20% France 40: 0.18% US 500: -0.95% Wall Street: -1.32% View the performance of all markets via
  • Heads Up:🇺🇸 Fed Brainard Speech due at 16:00 GMT (15min)
  • The Nasdaq 100 to Dow ratio took another serious hit this morning to readily clear the floor of its 10 months of congestion. Where is Hans Gruber when you need him?
  • Lumber futures pacing back-to-back declines for the first time since mid-March. Read up on the lumber market here: $LB $LBS #Commodities
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.30% 🇯🇵JPY: 0.26% 🇬🇧GBP: 0.21% 🇳🇿NZD: -0.01% 🇨🇦CAD: -0.02% 🇨🇭CHF: -0.07% View the performance of all markets via
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: US 500: -1.67% Wall Street: -1.78% France 40: -2.34% Germany 30: -2.38% FTSE 100: -2.78% View the performance of all markets via
  • Fed's Mester: -Want to see more, broader progress in recovery -May end year with inflation above 2%, but falling next year -Sees upside risks to inflation forecast -Sees upward valuation pressures in equity markets -Don't see elevated market risks now, but must be attuned $SPX
  • Inflation concerns revive the reflation trade, evident in yesterday’s Nasdaq drop DAX 30 likely to face increase selling pressure as tech stocks unwind. Get your market update from @HathornSabin here:
Australian Dollar May Seesaw on Chinese CPI Data, US-China Risks

Australian Dollar May Seesaw on Chinese CPI Data, US-China Risks

Dimitri Zabelin, Analyst

Australian Dollar, AUD/USD Analysis, US-China Tension – TALKING POINTS

  • Australian Dollar may seesaw between Chinese CPI and political tension
  • US-China political rift widening after Trump signed key executive orders
  • AUD/USD retreat under key resistance could precede a broader pullback

Stocks traded mixed on Friday in what was a turbulent day. The Dow Jones and S&P 500 closed 0.17 and 0.06 percent higher, though geopolitical entanglements between the US and China hurt the information technology sub-categories in both benchmarks. This may help explain why the tech-leaning Nasdaq closed 0.87% lower.

Over the weekend, US President Donald Trump signed several executive orders, a large number of which targeted Chinese-based tech companies. The documents stipulated a ban on financial transactions between US-based citizens and Tencent’s WeChat and ByteDance’s video-streaming app TikTok. The move caught stocks – particularly tech – off-guard and further widened the rift between Beijing and Washington.

The US Dollar nursed some of its losses and was the session’s biggest winner at the expense of the Australian and New Zealand Dollars. A stronger Greenback from both a better-than-expects jobs report and a brief “dash to cash” moment pressured gold prices which had been in part supported by a weak USD. Cycle-sensitive commodities like crude oil and copper also suffered from the geopolitical shock.

Monday’s Asia-Pacific Trading Session

The Australian Dollar may be the center of attention among G10 currencies with Chinese CPI data on deck. Analysts are estimating a 2.6% reading for July, with expectations that PPI will show a -2.5% figure, slightly better than the prior -3.0% print. But perhaps what will be front and center will be growing US-China tension over technology.

Concern about the second, third and fourth-order consequences of Trump’s executive orders may cast a dark cloud over the cycle-sensitive Australian Dollar. Conversely, a premium may be put on haven-linked assets like the US Dollar and anti-risk Japanese Yen. To learn more about US-China relations and how they impact markets, follow me on Twitter @ZabelinDimitri for timely updates and reports.

AUD/USD Analysis

AUD/USD has pulled back after the pair suffered its biggest one-day decline in almost a month, right as it was approaching key resistance at 0.7295. The close below the lower tier of the 0.7206-0.7181 range could mean retreating to a trend-defining inflection area between 0.7018 and 0.6911. How AUD/USD interacts with this area could indicate either a resumption of the prior uptrend or the start of a broader pullback.

AUD/USD – Daily Chart

Chart showing AUD/USD

AUD/USD chart created using TradingView

--- Written by Dimitri Zabelin, Currency Analyst for

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.