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
  • RT @ParikPatelCFA: Indian flowers have patels not petals
  • A chart overlaying Home Depot (HD), who reported better-than-expected earnings before the open, and the active random length lumber futures contract. Time to check the front month on widgets and the levels on DIY video ETFs
  • While the Nasdaq 100 led the charge from last March’s lows, recent performance has seen the S&P with more strength than the tech heavy index. Get your market update from @JStanleyFX here:
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.60% 🇪🇺EUR: 0.59% 🇳🇿NZD: 0.42% 🇦🇺AUD: 0.32% 🇯🇵JPY: 0.30% 🇨🇦CAD: 0.06% View the performance of all markets via
  • API Data Release: #Crude +0.620M #Cushing +0.053M #Gasoline -2.837M #Distillate -2.581M
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Gold: 0.15% Silver: 0.06% Oil - US Crude: -0.37% View the performance of all markets via
  • RT @BrendanFaganFx: USD/CAD Analysis: Loonie Strength Continues Ahead of Key Inflation Data Release $USDCAD $CL_F Link:…
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 87.98%, while traders in EUR/USD are at opposite extremes with 71.00%. See the summary chart below and full details and charts on DailyFX:
  • USD/CAD trading at May 2015 levels. One swing-low lies below, otherwise not much else to look at. Get your $USDCAD market update from @PaulRobinsonFX here:
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: US 500: -0.01% Wall Street: -0.02% FTSE 100: -0.50% Germany 30: -0.53% France 40: -0.62% View the performance of all markets via
AUD/USD Remains Constructive Above 7511 Heading into RBA

AUD/USD Remains Constructive Above 7511 Heading into RBA

Michael Boutros, Strategist

Talking Points

  • AUDUSD vulnerable heading into RBA- Shorts at risk above 7511
  • RBA expected to stand pat on monetary policy
  • Updated targets & invalidation levels

AUD/USD 120min

AUD/USD 120min Chart

Chart Created Using TradingView

Technical Outlook: Friday’s sell-off rebounded off confluence support at 7554/60 with the exchange rate holding below the 50-line of the descending pitchfork formation extending off the late September & October highs. The focus is on this range heading into the RBA interest rate decision tonight and from a trading standpoint, Aussie looks like it’s trying to make a low and I’ll favor fading weakness in the pair with 7554 & 7511 areas of interest for near-term exhaustion / long-entries.

A topside breach above 7625 targets the monthly open / 61.8% retracement at 7651 backed closely by confluence resistance into 7676/80- A breach / close above this level is needed to validate a more prominent breakout targeting the 2016 high-day close at 7735 & 7756.

  • A summary of the DailyFX Speculative Sentiment Index (SSI) shows traders are net long AUDUSD- the ratio stands at +1.26 (56% of traders are long)- weak bearish reading
  • Long positions are 15.7% above levels seen last week while short positions are 9.4% lower over the same time period.
  • Open interest remains subdued at 0.9% below its monthly average
  • The current dynamic suggests that the near-term risk remains weighted to the downside and we’ll be looking for a build in short-positioning to suggest the pullback may be running its course. From a trading standpoint, I would be looking to fade a move lower into structural support.

Help fine-tune you entries, click here to learn more about the DailyFX Grid Sight Index (GSI)

Relevant Data Releases This Week

AUD/USD Economic Docket

Other Setups in Play:

Looking for more trade ideas? Review DailyFX’s Top Trading Opportunity of 2016

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michaelon Twitter @MBForex contact him at or Click Here to be added to his email distribution list

Join Michael for Live Scalping Webinars on Mondays at 8:30amET.

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