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
  • President Biden: US still has a long way to go on vaccines.
  • $USDJPY has been trading lower this week. After dropping to a six week low early on Monday, the pair has been consolidating around the 108.00 level. $USD $JPY
  • #Silver has strengthened today, now up over 2%. The precious metal rose from below 26.00 to an intraday high around 26.50, a fresh one month high. $XAG $SLV
  • RT @EnronChairman: I passed a billionaire on the freeway this morning:
  • US 20yr Treasury Auction: - High Yield 2.144%, WI 2.153% (prev. 2.29%) - Bid/Cover 2.42 (prev. 2.51) - 17.74% allotted at high $USD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.20%, while traders in Wall Street are at opposite extremes with 67.57%. See the summary chart below and full details and charts on DailyFX:
  • The US Dollar has dropped to an intraday low after attempting to move higher today. The $DXY rose as high as the 91.40 level before meeting resistance and dropping back lower, now trading around 91.15. $USD
  • Mid-Week Market Update- Technical Outlook for $USD Majors, #Gold & #Oil and more! -(Webinar Archive)-
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 2.35% Gold: 0.73% Oil - US Crude: -1.12% View the performance of all markets via
  • Seems the WallStreetBets crowd is talking about the 'typical' top speculative listings - top 2 is the $SPY S&P 500 ETF and the Netflix ($NFLX) post earnings. And number 3 is the Reddit board OG GameStop
AUD/USD Rebound Vulnerable to RBA Verbal Intervention

AUD/USD Rebound Vulnerable to RBA Verbal Intervention

David Song, Shuyang Ren,

- Reserve Bank of Australia (RBA) to Keep Cash Rate at 2.50% for 15-Consecutive Meetings.

- Will RBA Governor Glenn Stevens Toughen the Verbal Intervention on Aussie?

For more updates, sign up for David's e-mail distribution list.

Trading the News: Reserve Bank of Australia (RBA) Interest Rate Decision

The Reserve Bank of Australia’s (RBA) interest rate decision may prompt another near-term decline in AUD/USD should the central bank toughen the verbal intervention on the local currency.

What’s Expected:


Click Here for the DailyFX Calendar

Why Is This Event Important:

The slowdown in China – Australia’s largest trading partner – may become a growing concern for the RBA amid the weakening outlook for global trade, and Governor Glenn Stevens may implement a more aggressive approach to weaken the Australian dollar in an effort to further assist with the rebalancing of the real economy.

Expectations: Bearish Argument/Scenario




Construction Work Done (3Q)



Wage Price Index (YoY) (3Q)



Building Approvals (MoM) (SEP)



Subdued wage growth along with the ongoing deterioration in home affordability may push the RBA to adopt a more dovish tone for monetary policy, and AUD/USD may face another near-term decline should we see a growing number of central bank officials show a greater willingness to revert back to an easing cycle.

Risk: Bullish Argument/Scenario




Company Operating Profit (QoQ) (3Q)



Employment Change (OCT)



Retail Sales ex Inflation (QoQ) (3Q)



However, Governor Stevens may sound more upbeat this time around amid the pickup in job growth paired with the rebound in private consumption, and the AUD/USD may face a larger rebound over the next 24-hours of trade should the fresh batch of central bank rhetoric boost interest rate expectations.

Join DailyFX on Demand for Real-Time SSI Updates!

How To Trade This Event Risk(Video)

Bearish AUD Trade: RBA Favors Further Depreciation of Australian dollar

  • Need red, five-minute candle following the policy statement for a potential short AUD/USD trade
  • If market reaction favors a bearish aussie trade, sell AUD/USD with two separate position
  • Set stop at the near-by swing high/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

Bullish AUD Trade: Governor Stevens Softens Dovish Tone for Monetary Policy

  • Need green, five-minute candle to consider a long AUD/USD position
  • Carry out the same setup as the bearish aussie trade, just in reverse

Read More:

Central Banks in Focus this Week as RBA, ECB Meet, NFPs on Friday

EURUSD Falls on Better Than Expected ISM Manufacturing

Potential Price Targets For The Release

AUD/USD Daily Chart

AUD/USD Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • Long-term approach favors selling-bounces as the bearish RSI momentum remains in play
  • Interim Resistance: 0.8710 (78.6% retracement) to 0.8730 (23.6% expansion)
  • Interim Support: 0.8390 (78.6% expansion) to 0.8410 (100% expansion)

Impact that RBA interest rate decision has had on AUD during the last release


Data Released



Pips Change

(1 Hour post event )

Pips Change

(End of Day post event)

NOV 2014

11/04/2014 03:30 GMT





November 2014 Reserve Bank of Australia (RBA) Rate Decision


As expected, the Reserve Bank of Australia (RBA) kept the cash target rate at a record-low of 2.50% in November in an effort foster a stronger recovery. Indeed, Governor Glenn Stevens continued to highlight a neutral tone for monetary policy as the central bank head favors a period of interest rate stability, but the Australian dollar remains at risk for a further decline as the RBA argues that the local currency remains overvalued. Despite the initial push higher, there was limited follow-through behind the market reaction as AUD/USD ended the day at 0.8731.

--- Written by David Song, Currency Analyst and Shuyang Ren

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 Alongsidethe DailyFX Team on DailyFX on Demand

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

New to FX? Watch this Video

Join us to discuss the outlook for the major currencies on the DailyFXForums

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