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
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 Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • The Australian Dollar remains vulnerable to most of its major counterparts, with AUD/USD and AUD/JPY resuming losses. Did AUD/NZD bottom? AUD/CAD may consolidate. Get your weekly Australian Dollar forecast from @ddubrovskyFX here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • While the meetings of central bankers in the US, Japan and the UK will be front, left and center of traders’ minds this coming week, it would be wise not to ignore next Sunday’s German Federal Election. Get your euro forecast from @MartinSEssex here:
  • Take a closer look visually at the most influential global importers and exporters here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • GBP/USD’s consolidation could end soon if price breaks out of a symmetrical triangle in play since July. At this time, a downside breakout is likely following the appearance of a death cross. Get your weekly $GBP forecast from @DColmanFX here:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • The Federal Reserve rate decision is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Get your weekly gold forecast from @DavidJSong here:
Uptick in Australia Consumer Price Index (CPI) to Stem AUD/USD Losses

Uptick in Australia Consumer Price Index (CPI) to Stem AUD/USD Losses

David Song, Strategist

- Australia Consumer Price Index (CPI) to Climb Annualized 2.0% in 4Q 2017.

- Core Rate of Inflation to Increase 1.9% per Annum.

Trading the News: Australia Consumer Price Index (CPI)


Updates to Australia’s Consumer Price Index (CPI) may spark a bullish reaction in AUD/USD as the headline and core reading for inflation are expected to pick up during the last three-months of 2017.

Signs of stronger price growth is likely to heighten the appeal of the Australian dollar as it put pressure on the Reserve Bank of Australia (RBA) to lift the cash rate off of the record-low, and Governor Philip Lowe & Co. may start to alter the monetary policy outlook as the central bank head warns that ‘it is more likely that the next move in interest rates will be up, rather than down.’

In turn, a positive development may encourage the RBA to adopt a hawkish tone at the next meeting on February 6, but a string of below-forecast prints may fuel the near-term weakness in AUD/USD as market participants scale back bets for an RBA rate-hike in 2018. Interested in watching the market reaction? Sign up & join DailyFX Currency Strategist Ilya Spivak LIVE to cover the Australia CPI print.

Impact that Australia CPI has had on AUD/USD during the previous quarter


Data Released



Pips Change

(1 Hour post event )

Pips Change

(End of Day post event)



10/24/2017 00:30:00 GMT





4Q 2017 Australia Consumer Price Index (CPI)

AUD/USD 15-Minute Chart

AUD/USD 15-Minute Chart

Australia’s Consumer Price Index (CPI) unexpectedly slowed to an annualized 1.8% from 1.9% in the second-quarter of 2017, while the core rate of inflation held steady 1.8% amid forecasts for 2.0% print. A deeper look at the report showed prices for non-tradeable goods climbing 3.2% per annum during the three-months through September, while the cost for tradeable goods fell 0.9% during the same period.

The Australian dollar struggled to hold its ground following the below-forecast print, with AUD/USD slipping below the 0.7750 region to end the day at 0.7703. New to trading? Review the ‘Traits of a Successful Trader’ series on how to effectively use leverage along with other best practices that any trader can follow.

AUD/USD Daily Chart

AUD/USD Daily Chart

Want to know what other currency pairs the DailyFX team is watching? Download and review the Top Trading Opportunities for 2018.

  • AUD/USD clings to the upward trend carried over from late last year, with a break/close above 0.8150 (100% expansion) opening up the next topside hurdle around 0.8270 (38.2% retracement).
  • However, the series of failed attempts to break above the 0.8150 (100% expansion) hurdle raises the risk for a near-term pullback especially as the Relative Strength Index (RSI) snaps the bullish formation and appears to coming off of overbought territory.
  • May see the downside targets come back on the radar for AUD/USD as the momentum indicator is on the cusp of flashing a textbook sell-signal, with a move below 0.8030 (38.2% retracement) opening up the 0.7930 (50% retracement) to 0.7940 (61.8% retracement) region, with the next downside hurdle coming in around 0.7850 (38.2% retracement) to 0.7860 (61.8% expansion).

--- 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.

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