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 Silver are long at 89.02%, while traders in Wall Street are at opposite extremes with 74.05%. See the summary chart below and full details and charts on DailyFX:
  • Heads Up:🇧🇷 BCB Copom Meeting Minutes due at 11:00 GMT (15min)
  • A “PIP” – which stands for Point in Percentage - is the unit of measure used by forex traders to define the smallest change in value between two currencies. Learn how to understand pips in forex here:
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Silver: 0.61% Gold: 0.26% Oil - US Crude: -0.88% View the performance of all markets via
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.31% 🇳🇿NZD: 0.27% 🇦🇺AUD: 0.24% 🇯🇵JPY: 0.05% 🇨🇦CAD: 0.00% 🇨🇭CHF: -0.13% View the performance of all markets via
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.43% US 500: -0.70% France 40: -1.89% FTSE 100: -2.07% Germany 30: -2.19% View the performance of all markets via
  • ZEW economic sentiment soars in May. #zew #euro #eurusd @DailyFX
  • 💶 ZEW Economic Sentiment Index (MAY) Actual: 84 Previous: 66.3
  • 🇩🇪 ZEW Current Conditions (MAY) Actual: -40.1 Expected: -41.3 Previous: -48.8
  • 🇩🇪 ZEW Economic Sentiment Index (MAY) Actual: 84.4 Expected: 72 Previous: 70.7
AUD/USD at Technical Juncture as Australian Consumer Confidence, RBNZ Looms

AUD/USD at Technical Juncture as Australian Consumer Confidence, RBNZ Looms

Thomas Westwater, Analyst

Wall Street, Treasury Auction, China Trade, AUD/USD - Talking Points

  • Wall Street moved higher as technology shares led the New York session
  • Strong 30-year Treasury demand cooled yields, pressured safe-haven USD
  • AUD/USD approaches trendline resistance but bullish path favored

Wednesday’s Asia-Pacific Outlook

Asia-Pacific markets may benefit from a broader sense of risk-taking in the market following an upbeat session on Wall Street. The New York trading session saw US inflation data for March cross the wires, with core inflation – which excludes volatile food and energy prices – coming in at 1.6% on an annual basis versus 1.5% expected. The tech-heavy Nasdaq 100 led US equities higher, closing with a 1.21% gain.

The safe-haven US Dollar failed to move higher despite the beat on inflation. That may be because markets view the uptick as a transitory event following dovish comments from Federal Reserve members saying the same. That said, a sustained increase will be necessary for markets to capitulate to any real rise in prices, even with inflation expectations continuing higher. Not long ago, many viewed the run in Treasury yields as a test of the Federal Reserve’s conviction on inflation policy – the Fed's resolve dissuaded those notions, however.

A strong 30-year Treasury auction also posed headwinds to the Greenback. The Treasury Department reported a 2.320% high yield with a better-than-average bid-to-cover ratio of 2.47. An auction’s bid-to-cover ratio provides a gauge of demand by measuring bids received versus those being auctioned. A higher ratio shows greater demand.

Today will bring two potentially hard-hitting economic events: Australian consumer confidence and an interest rate decision from the Reserve Bank of New Zealand (RBNZ). Australia’s Westpac consumer confidence index for April is scheduled to hit the wires at 00:30 GMT. New Zealand’s interest rate decision will follow at 02:00 GMT.

The RBNZ is likely to maintain its dovish policy outlook. That said, both the Aussie-Dollar and Kiwi may be set for some event-driven movement today. One notable development to factor into the RBNZ’s decision making process is the decline in real estate investors in New Zealand’s domestic economy, which is likely to bode well for ongoing dovishness in central bank policy.

30-Year US Treasury Bid-to-Cover Ratio

30 year treasury bid-to-cover ratio

AUD/USD Technical Outlook

The Australian Dollar has been in a phase of consolidation over the past few weeks with a slight drift higher from the neckline of a Head and Shoulders pattern. While prices have fallen below the 100-day Simple Moving Average, a trendline from the February swing high may give way to a directional break within the next couple of days. MACD is trending higher toward its center line.

AUD/USD Daily 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.