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
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
Wall Street
More View more
Real Time News
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • The British Pound is giving back some of its multi-month gains with some pairs testing notable support despite a positive fundamental backdrop. Get your market update from @nickcawley1 here:
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here:
  • Gold is facing the neckline of a Double Bottom Pattern after bouncing off a confirmed longer-term trendline. Is a bullish reversal in order? Get your market update from @FxWestwater here:
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here:
  • Rollover is the interest paid or earned for holding a currency spot position overnight. Learn how to earn rollover interest on your open positions here:
  • The New Zealand Dollar is in a tricky spot. On one hand, rising stocks can propel NZD. On the other, a dovish RBNZ ahead could cool bond yields as the government tackles soaring housing costs. Get your market update from @ddubrovskyFX here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • It was a big Q1 for $USDJPY but so far Q2 has been a far different tone. Which side will prevail? Get your market update from @JStanleyFX here:
AUDUSD Rebound Threatened by Verbal RBA Intervention

AUDUSD Rebound Threatened by Verbal RBA Intervention

David Song, Strategist

- Reserve Bank of Australia (RBA) to Keep Cash Rate at 2.50%

- Governor Glenn Stevens to Step Up Verbal Intervention?

Trading the News: Reserve Bank of Australia Interest Rate Decision

The Reserve Bank of Australia widely expected to retain its current policy in November, and the rate decision may prop up the Australian dollar as the central bank appears to be moving away from its easing cycle.

What’s Expected:

Time of release: 11/05/2013 3:30 GMT, 22:30 EST

Primary Pair Impact: AUDUSD

Expected: 2.50%

Previous: 2.50%

DailyFX Forecast: 2.50%

Why Is This Event Important:

However, Governor Glenn Stevens may take a more stern approach in talking down the local currency to further assist with the rebalancing of the real economy, and stronger verbal intervention may limit the upside for the AUDUSD as market participants weigh the outlook for monetary policy.

Expectations: Bullish Argument/Scenario




Retail Sales ex Inflation (QoQ) (3Q)



Building Approvals (YoY) (SEP)



Consumer Price Index (YoY) (3Q)



Threats of an asset bubble may prompt the RBA to adopt a more hawkish tone for monetary policy, and the rate decision may fuel a more meaningful rebound in the AUDUSD should the central bank talk down bets for more easing.

Risk: Bearish Argument/Scenario




ANZ Job Advertisements (MoM) (OCT)



Employment Change (SEP)



Trade Balance (AUG)



Nevertheless, the ongoing slack in the real economy along with the weakening outlook for global trade may encourage the RBA to further embark on its easing cycle, and the Australian dollar may struggle to maintain the advance from September should the central bank show a greater willingness to implement another rate cut.

How To Trade This Event Risk(Video)

Bullish AUD Trade: RBA Retains Current Policy & Highlights Risk for Asset Bubble

  • Need green, five-minute candle following the statement for a potential long Australian dollar trade
  • If market reaction favors a long trade, buy AUDUSD with two separate position
  • Set stop at the near-by swing low/reasonable distance from entry; look for at least 1:1 risk-to-reward
  • Move stop to breakeven on remaining position once initial target is met, set reasonable limit

Bearish AUD Trade: Governor Stevens Adopts More Dovish Tone

  • Need red, five-minute candle to consider a short AUDUSD position
  • Carry out the same setup as the bullish AUD trade, just in the opposite direction

Potential Price Targets For The Release


Forex_AUDUSD_Rebound_Threatened_by_Verbal_RBA_Intervention_body_ScreenShot313.jpg, AUDUSD Rebound Threatened by Verbal RBA Intervention

Chart - Created Using FXCM Marketscope 2.0

  • Retains Range Ahead of RBA; Higher Low in Place?
  • Preserves Bullish Relative Strength Index Momentum
  • Interim Resistance: 0.9500 (38.2 retracement) to 0.9520 (38.2 expansion)
  • Interim Support: 0.9420-30 (23.6 expansion)

Impact that Reserve Bank of Australia has had on AUD during the last meeting


Data Released



Pips Change

(1 Hour post event )

Pips Change

(End of Day post event)

OCT 2013

10/01/2013 0:30 GMT





October 2013 Reserve Bank of Australia Rate Decision

Forex_AUDUSD_Rebound_Threatened_by_Verbal_RBA_Intervention_body_ScreenShot312.png, AUDUSD Rebound Threatened by Verbal RBA Intervention

The Reserve Bank of Australia continued to strike a neutral tone for monetary policy after keeping the cash rate at 2.50%, but went onto say that ‘a lower level of the currency than seen at present would assist in rebalancing growth in the economy’ as the region continues to face an uneven recovery. Nevertheless, the Australian dollar traded higher following the rate decision, with the AUDUSD climbing above the 0.9350 region, and the higher-yielding currency continued to gain ground throughout the day as the pair closed at 0.9395.

--- Written by David Song, Currency Analyst

To contact David, e-mail

Follow me on Twitter at @DavidJSong

To be added to David's e-mail distribution list, please follow this link

Trade Key Event Risks with DailyFX on Analyst on Demand

Looking to use the DailyFX Trade Signals LIVE? Check out Mirror Trader

New to FX? Fill Out This Quick Form for a Free Tutorial

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