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
  • Markets are quiet because we’re in the pre-FOMC drift, but also because #ger #fra UEFA Euro game. Barring something unexpected, probably remains a low vol environment until June Fed meeting wraps up tomorrow.
  • With less than 24-hours to go until the FOMC announcement, here's an interesting statement from the New York Fed trading desk on 'testing operational readiness to implement existing and potential policy directives' and a planned sale of agency MBS up to $180-million. $USD $DXY
  • So has Elon been tweeting dog pictures again? Shiba Inu (SHIB) +28% in the last couple of hours….
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.09% Gold: -0.49% Silver: -0.77% View the performance of all markets via
  • US Senator Mitt Romney: I am very optimistic about the bipartisan infrastructure plan $USD $DXY
  • USD/CAD hits its highest level in a month, briefly trading above 1.22 prior to Wednesday's FOMC meeting $USDCAD
  • WTI crude oil has room to rally further. Around the 77 mark lies substantial long-term resistance. Get your #crudeoil market update from @PaulRobinsonFX here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in USD/CHF are long at 75.59%, while traders in France 40 are at opposite extremes with 80.14%. See the summary chart below and full details and charts on DailyFX:
  • Markets are trading like the Fed is tomorrow and Ronaldo is on the TV scoring goals. How many people are going to watch the US close vs France-Germany?
  • webinar starting right now pre-FOMC price action setups around the $USD. Topics - 1. usd setups ahead of the fed 2. expectations on taper and what's in store for tomorrow 3. gold and oil, commodities the focal point
Australian Dollar Forecast: Will AUD/USD Gains Continue After RBA Decision?

Australian Dollar Forecast: Will AUD/USD Gains Continue After RBA Decision?

Thomas Westwater, Analyst

Australian Dollar, AUD/USD, Reserve Bank of Australia -Talking Points

  • Wall Street advances but technology lags, APAC equities may follow suit
  • RBA decision may cause some Australian Dollar volatility in Tuesday’s session
  • AUD/USD shifts higher after moving averages converge to offer support

Tuesday’s Asia-Pacific Outlook

Asia-Pacific markets may see a more optimistic tone across major equity indexes following a generally upbeat Wall Street performance to start the week. The Dow Jones Industrial Average (DJIA) gained 0.70%. Traders dove into industrial and healthcare names but moved away from technology stocks, with the NDX 100 index declining 0.44%.

The US Dollar is on the move lower after a manufacturing PMI release from the Institute of Supply Management (ISM) missed the consensus forecast. Greenback weakness is helping to lift precious metals. Gold and silver prices recorded healthy gains, increasing over 1% and 3.5%, respectively. Besides the weaker USD, falling Treasury yields are also likely driving prices higher, with the 10-year yield down just over 2% overnight.

Elsewhere, the risk-sensitive Australian Dollar is up against the US Dollar, reflecting not only broader weakness in the Greenback but also strengthening sentiment in markets. AUD/USD will be in focus today as the May Reserve Bank of Australia (RBA) meeting interest rate decision crosses the wires. According to the DailyFX Economic Calendar, the Australian central bank is set to hold its benchmark rate steady at 0.10%.

The RBA is unlikely to change the message it has conveyed this year, which is to hold rates steady until persistent inflation is seen, along with a stronger labor market. Still, some expect a change to the target bond for its yield curve control from the April 2024 bond to the November 2024 bond, although that move may be premature and is more likely to be announced later this year.

Outside of the RBA decision, markets will continue to have several potentially high-impact economic events to monitor. One being Wednesday’s labor market data out of New Zealand, where analysts expect the island nation to report the unemployment rate for Q1 to remain at 4.9%. Later in the week, the RBA quarterly statement on monetary policy will cross the wires, and the United States will release its highly anticipated non-farm payrolls report for April.

AUD/USD Technical Analysis

The Australian Dollar is on the move higher against the US Dollar, breaking back above a prior area of resistance seen through mid-April. The move higher stemmed from an area where three key Simple Moving Averages (SMA) have converged, with the 20-, 50- and 100-day SMAs underpinning the daily candlestick. A move higher will aim to take out the psychologically important 0.78 handle. Alternatively, holding below 0.7750 – the resistance level seen through April – could push price back down to any of the key moving averages.

AUD/USD Daily Chart


Chart created with TradingView


--- Written by Thomas Westwater, Analyst for

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

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