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
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in AUD/JPY are at opposite extremes with 63.58%. See the summary chart below and full details and charts on DailyFX:
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Silver: 1.57% Oil - US Crude: 1.01% Gold: 0.38% View the performance of all markets via
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.46% 🇨🇭CHF: 0.42% 🇦🇺AUD: 0.41% 🇨🇦CAD: 0.29% 🇳🇿NZD: 0.20% 🇯🇵JPY: -0.29% View the performance of all markets via
  • Ever wonder if there are other chart types that can be used for technical analysis? HLOC charts are discussed in the following article as well as their pros and cons. Learn more here:
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: US 500: 0.42% Wall Street: 0.37% Germany 30: 0.19% FTSE 100: 0.14% France 40: -0.09% View the performance of all markets via
  • France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Dec 22, 2020 when France 40 traded near 5,477.70. A contrarian view of crowd sentiment points to France 40 weakness.
  • Coming up in 20'. Please join me if you're free by clicking the link below
  • 💶 ZEW Economic Sentiment Index (JAN) Actual: 58.3 Previous: 54.4
  • 🇩🇪 ZEW Current Conditions (JAN) Actual: -66.4 Expected: -68.5 Previous: -66.5
  • 🇩🇪 ZEW Economic Sentiment Index (JAN) Actual: 61.8 Expected: 60 Previous: 55.0
Australian Dollar Outlook: Strong Greenback Halts AUD/USD Rally

Australian Dollar Outlook: Strong Greenback Halts AUD/USD Rally

Thomas Westwater, Contributor

Stimulus bets, Inflation, AUD/USD - Talking Points

  • String of wins in Senate runoffs increases chance for stimulus in United States
  • Higher US Dollar threatens AUD/USD rally, but technical correction was likely
  • Light economic calendar in Asia-Pacific session puts spotlight on US NFP tomorrow
Top Trading Opportunities in 2021
Top Trading Opportunities in 2021
Recommended by Thomas Westwater
Get Your Free Top Trading Opportunities Forecast
Get My Guide

Wall Street rose into record highs Thursday, led by the tech-heavy Nasdaq Composite, closing 2.56% higher. The other major indices followed, with the Dow Jones, S&P 500, and Russell 2000 climbing by 0.69%, 1.48%, and 1.89%, respectively. The Greenback, meanwhile, is seeing an uptick after the US Dollar Index (DXY) nearly broke below the 89.2 handle on Tuesday.

The fresh record highs across U.S. indexes are hardly outside the market’s recent convention. Yesterday’s clash at the U.S. Capitol was brushed aside by investors, although order was restored long before the opening bell. Instead, investors focused on the much improved chances for increased fiscal stimulus this year after the Georgia runoff elections secured Democrat control of the Senate, and therefore the whole of Congress, after The Associated Press reported Jon Ossoff’s victory.

U.S. government bond yields skyrocketed in reaction to the chances for increased fiscal aid to combat the ongoing Covid-19 pandemic, which will likely be one of the first measures introduced under the incoming administration. The expectations for more stimulus translate to an increased debt burden financed through Treasury issuance, along with increased inflation bets. The 10-year yield traded near 1.076% after the New York close.

Nasdaq-100, 10-Year Treasury Price,US Dollar – 30-Min Chart

10-year vs ndx vs dollar

Chart created with TradingView

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

Friday’s Asia-Pacific Outlook

The Australian Dollar eased against the US Dollar, likely due to rising Treasury yields and a fundamental strengthening of the Greenback due to the aforementioned political implications from Wednesday’s election results. A stronger Greenback may hurt the Australian economy through its commodity export channel. All else being equal, cheaper commodity prices may reduce profits. Having said that. AUD/USD appeared ripe for a short-term pullback following a strong rally over the past few weeks.

Thursday’s trading in equity markets may see a spillover from optimism seen in U.S. trading as the world’s largest economy appears to be on a clear path towards further stimulus. Economic data gives little chance for any event risks, with the DailyFX Economic Calendar showing only figures from Japan in the form of its coincident index and leading economic index. Traders will be watching for tomorrow’s non-farm payrolls report out of the United States, with 71k jobs expected to be added for December.

AUD/USD Technical Outlook:

As previously mentioned, the Australian Dollar is pulling back versus the US Dollar, but the move does little to threaten the broader rally in AUD/USD. The current technical picture sees prices falling back within the upper Bollinger Band after a sharp rise earlier this week pushed the sentiment-linked cross into fresh multi-year highs.

The RSI oscillator remains in overbought territory, slightly above the 70 level but trending lower on today’s pullback. In line with recent action, a return to the 9-day exponential moving average (EMA) may occur before resuming the move higher. Moreover, a stronger pullback would see the 20-day Simple Moving Average provide a possible turning point. Below that and a December 2019 trendline may provide support.

AUD/USD Daily Chart

aud/usd chart

Chart created with TradingView


--- Written by Thomas Westwater, Analyst for

To contact Thomas, use the comments section below or @FxWestwateron Twitter

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