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
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
  • The Australian Dollar may extend its slide lower despite the planned easing of Covid-19 restrictions, as the market continues to price in an RBA rate cut on October 6. Get your #currencies update from @DanielGMoss here:
  • The Indian Rupee may be at risk to the US Dollar as USD/INR attempts to refocus to the upside. This is as the Nifty 50, India’s benchmark stock index, could fall further. Get your USD/INR market update here:
  • Technical indicators are chart analysis tools that can help traders better understand and act on price movement. Learn more about the importance of technical analysis here:
  • #Gold prices have plunged nearly 11% off the record highs with a breakout risking further losses. Here are technical trade levels that matter on the XAU/USD weekly chart. Get your #metals update from @MBForex here:
  • Traders tend to overcomplicate things when they’re starting out in the forex market. This fact is unfortunate but undeniably true.Simplify your trading strategy with these four indicators here:
  • GBP turbulence persists as investors eye the next round of EU-UK Brexit negotiations. Cautious optimism signals a deal is near. Get your #currencies update from @JMcQueenFX here:
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here:
AUD/USD Range Vulnerable to Dovish RBA, Toughened Verbal Intervention

AUD/USD Range Vulnerable to Dovish RBA, Toughened Verbal Intervention

2015-08-03 21:00:00
David Song, Shuyang Ren,

- Reserve Bank of Australia (RBA) to Hold Cash Rate at 2.00% for Second Straight Meeting.

- Will Governor Glenn Stevens Toughen the Verbal Intervention on the Australian Dollar?

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

Trading the News: Reserve Bank of Australia Interest Rate Decision

According to a Bloomberg News survey, 25 of the 28 economists polled forecast the Reserve Bank of Australia (RBA) to keep the cash rate on hold at 2.00%, and the wait-and-see approach may help to boost the appeal of the aussie as market participants scale back bets for lower borrowing-costs.

What’s Expected:

AUD/USD Range Vulnerable to Dovish RBA, Toughened Verbal Intervention

Click Here for the DailyFX Calendar

Why Is This Event Important:

However, RBA Governor Glenn Stevens may continue to jawbone the local currency amid the weakening outlook for global growth, and the central bank may toughen the verbal intervention on the Australian dollar in an effort to further assist with the rebalancing of the real economy.

Expectations: Bullish Argument/Scenario




Consumer Price Index- Trimmed Mean (YoY) (2Q)



Consumer Inflation Expectation (JUL)



Employment Change (JUN)



Sticky price growth paired with the ongoing improvement in the labor market may encourage the RBA to preserve its current policy throughout 2015, and the fresh batch of central bank rhetoric may spur a near-term rebound in AUD/USD should Governor Stevens talk down bets for a further reduction in the cash rate.

Risk: Bearish Argument/Scenario




Building Approvals (MoM) (JUN)



Retail Sales (MoM) (MAY)



Trade Balance (MAY)



However, the RBA may keep the door open to further embark on its easing cycle amid the weakening demand from home and abroad, and the higher-yielding currency remains at risk of facing additional headwinds over the near to medium-term especially if the central bank head takes a more aggressive approach in talking-down the exchange rate.

Join DailyFX on Demand for Real-Time SSI Updates!

How To Trade This Event Risk(Video)

Bullish AUD Trade: RBA Endorses Neutral Stance for Remainder of 2015

  • Need green, five-minute candle following the rate decision for a potential long AUD/USD trade.
  • If market reaction favors a bullish aussie trade, buy AUD/USD 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 Sees Scope for Rate Cut/Toughened Verbal Intervention

  • Need red, five-minute candle to consider a short AUD/USD position.
  • Carry out the same setup as the bullish aussie trade, just in reverse.

Read More:

AUD/USD Multi-Year Trendline at Risk on Weak Data, Dovish RBA

AUDUSD Ends Week and Month with Large Outside Daily Bar

Potential Price Targets For The Release


AUD/USD Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • AUD/USD remains at risk for a further decline as long as price & the Relative Strength Index (RSI) retains the bearish formation from back in May; will continue to favor the approach to sell-bounces especially if the RBA keeps the door open for additional rate cuts.
  • DailyFX Speculative Sentiment Index (SSI) shows the retail crowd remains net-long AUD/USD since May 15, while the ratio climbs back towards extremes as it currently sits at +2.93 with 75% of traders long.
  • Interim Resistance: 0.7570 (50% expansion) to 0.7590 (100% expansion)
  • Interim Support: 0.7233 (July low) to 0.7240 (100% expansion) 0.7268 (Jan. 2009 high)

Impact that the RBA Interest Rate decision has had on AUD during the last meeting


Data Released



Pips Change

(1 Hour post event )

Pips Change

(End of Day post event)

JUL 2015

07/07/2015 4:30 GMT





July 2015 Reserve Bank of Australia (RBA) Interest Rate Decision


The Reserve Bank of Australia (RBA) kept the cash rate target unchanged the record-low of 2.00%, Governor Glenn Stevens largely striking a neutral outlook for monetary policy. Following the rate-cut in May, it seems as though the RBA will retain a wait-and-see approach for the foreseeable future, but the central bank continued to jawbone the local currency as the board looks for a lower exchange rate. The market reaction was fairly muted as we got more of the same from the RBA, but the Australian dollar struggled to hold its ground during the European trade, with AUD/USD falling below the 0.7475 region to end the day at 0.7450.

--- 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.