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
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
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.23% Silver: -0.48% Gold: -0.65% View the performance of all markets via
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.15% 🇬🇧GBP: 0.00% 🇨🇦CAD: -0.00% 🇯🇵JPY: -0.06% 🇪🇺EUR: -0.06% 🇨🇭CHF: -0.11% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in USD/CHF are long at 76.22%, while traders in France 40 are at opposite extremes with 86.42%. See the summary chart below and full details and charts on DailyFX:
  • S&P 500, Nikkei 225 Outlook: Stocks Hit Record High as VIX Falls
  • Please join @IlyaSpivak at 22:00 EST/2:00 GMT for your cross-market weekly outlook webinar. Register here:
  • *Schedule Reminder: Weekly Strategy Webinar on Monday at 8:30am EST (12:30GMT) with DailyFX - Mid-Week Market Update on Wednesday at 9:30am EST (13:30GMT) with IG -
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here:
  • 8 out of 11 S&P 500 sectors ended higher, with 69.5% of the index’s constituents closing in the green. Financials (+0.61%) and information technology (+0.56%) outperformed, while healthcare (-0.73%) and real estate (-0.59%) trailed behind.
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here:
  • What is your forex trading style? Take the quiz and find out:
Australian Dollar Eyes Jobs Data After S&P 500 Touched All-Time High

Australian Dollar Eyes Jobs Data After S&P 500 Touched All-Time High

Dimitri Zabelin, Analyst

Australian Dollar, AUD/NZD Outlook, Wall Street Trade, Coronavirus Vaccine, Australian Jobs Data – TALKING POINTS

  • Australian Dollar may rise on strong risk appetite after upbeat day on Wall Street session
  • Moderna vaccine deal with US pushed equities higher. Tech reclaimed some lost ground
  • AUD/NZD reaching beyond five-year ceiling, gains may be curbed ahead of key resistance

Equity markets surged on Wednesday with the Dow Jones, S&P 500 and Nasdaq indies closing 1.23, 1.60 and 2.28 percent higher, respectively. The information technology categories in the former two benchmarks led with gains and helped pushed the tech-dominated Nasdaq higher, crowning it Wall Street trade’s champion. Market optimism also saw spreads on credit default swaps of corporate debt across the risk spectrum narrow.

The S&P 500 briefly surpassed its February peak before the selloff in March, marking an over 50 percent rise in less than 7 months, before closing just shy of it. Tesla shares spiked at open after the company announced a five-for-one stock split, closing at over $1,500 per share. Index heavy-weights like Apple (APPL) and Amazon (AMZN) recovered and helped lift the benchmarks that they are cataloged under.

Equity markets appeared to also rally after news crossed the wires that American biotechnology company Moderna has reached a deal with the US to produce 100 million doses of coronavirus vaccine. The news was announced by US President Donald Trump after markets had closed on Tuesday evening. The news subsequently catapulted equity markets the following day.

Their rise came at the expense of the haven-linked US Dollar which had benefited from souring sentiment the preceding two days. The cycle-sensitive Australian and New Zealand Dollars were down, with the latter still reeling from the RBNZ rate decision. The British Pound also suffered and was arguably the session’s biggest loser in the aftermath of preliminary Q2 GDP data showing a jaw-dropping figure.

Thursday’s Asia-Pacific Trading Session

Asia-Pacific equity markets may rise as part of a sentimental echo effect after Wall Street trade. Consequently, USD and JPY may extend their losses but help stifle the fall in NZD and potentially push AUD higher. The latter will be thrust into the spotlight ahead of local jobs data. Analysts are estimating a 30.0k employment change for July, a 7.8% unemployment rate and a slightly higher participation rate at 64.4%.

AUD/NZD Analysis

AUD/NZD has broken above a five-year descending resistance channel with an eye at the June 2018 swing-high at 1.1090. The pair’s rise can be in part attributed to RBNZ policies and forecasts – like the one we saw on Wednesday – that weakened the New Zealand Dollar. Having said that, the pair may trim some of its recent gains if Australian employment data cause RBA easing expectations to swell and subsequently punish AUD.

AUD/NZD – Weekly Chart

Chart showing AUD/NZD

AUD/NZD chart created using TradingView

--- Written by Dimitri Zabelin, Currency Analyst for

To contact Dimitri, use the comments section below or @ZabelinDimitri on Twitter

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