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.

Free Trading Guides
EUR/USD
Mixed
Low
High
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
Oil - US Crude
Mixed
Low
High
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
Bullish
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Real Time News
  • Aston Martin (AML) share price in pieces...down 4% at 75p. Down over 95% since floating (October 2018). #astonmartin #aml #trading Prices and chart via @IGcom https://t.co/M0kVzTvKZH
  • Tune in to @nickcawley1 's #webinar at 6:30 AM ET/10:30 AM GMT to prepare for key UK events and markets in the week ahead. Register here: https://t.co/xewSeUoDaT https://t.co/u4cffZFfrY
  • 🇬🇧 GBP Markit/CIPS UK Construction PMI (MAR), Actual: 39.3 Expected: 44.0 Previous: 52.6 https://www.dailyfx.com/economic-calendar#2020-04-06
  • Heads Up:🇬🇧 GBP Markit/CIPS UK Construction PMI (MAR) due at 08:30 GMT (15min), Actual: N/A Expected: 44.0 Previous: 52.6 https://www.dailyfx.com/economic-calendar#2020-04-06
  • Análisis $AUDUSD: aumenta la demanda de AUD ante la disipación de la aversión al riesgo, rechazo en 0.6050 #aud #usd #trading #Covid_19 https://t.co/lRBeOuA5F8
  • RT @elonmusk: Logarithm graphs coming soon https://t.co/Fc81TDSQgc
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.45%, while traders in US 500 are at opposite extremes with 68.67%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/PtZHbbcWSX
  • Hey, traders 👋 do you want live AMAS with our analysts, market updates and tools to improve your trading strategy? Join us now on Instagram! 👉 https://t.co/pHGzVMqsC4 https://t.co/jd1Mx0kNx3
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 0.89% Gold: 0.50% Oil - US Crude: 0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/w82GQITe4o
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.73% 🇳🇿NZD: 0.66% 🇨🇦CAD: 0.57% 🇨🇭CHF: -0.04% 🇬🇧GBP: -0.04% 🇯🇵JPY: -0.67% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/WWr9d5Rcrs
Aussie Dollar Rally May Continue as China Data Boosts Sentiment

Aussie Dollar Rally May Continue as China Data Boosts Sentiment

2016-06-08 05:12:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • Australian Dollar corrects lower having surged following RBA meeting
  • Japanese Yen gains as Asian share prices pull back from monthly high
  • Unexpected Chinese imports jump may stoke recovery in risk appetite

A lull in high-profile event risk made for a quiet overnight session for most major currencies. The Australian Dollar corrected lower having outperformed in the aftermath of the RBA monetary policy announcement in the prior session. The anti-risk Japanese Yen edged higher as Asian stocks pulled back after the MSCI Asia Pacific regional benchmark index hit a monthly high yesterday.

Looking ahead, the absence of top-tier news items on the docket is likely to keep sentiment trends at the forefront, with upbeat Chinese trade figures a possible catalyst for a recovery in risk appetite. Imports unexpectedly rose 5.1 percent year-on-year in May, the most since September 2014. Signs of firming demand in the world’s second-largest economy may stoke broad-based optimism, boosting commodity-bloc FX while capping Yen gains.

Losing money trading the FX markets? This might be why.

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

22:45

NZD

Mfg Activity Volume (QoQ) (1Q)

-1.2%

-

0.8%

22:45

NZD

Mfg Activity SA (QoQ) (1Q)

-2.60%

-

-2.3%

23:50

JPY

BoP Current Account Balance (¥) (APR)

1878.5b

2303.0b

2980.4b

23:50

JPY

BoP Current Account Adjusted (¥) (APR)

1625.8b

2013.7b

1893.6b

23:50

JPY

Trade Balance BoP Basis (¥) (APR)

697.1b

919.0b

927.2b

23:50

JPY

GDP SA (QoQ) (1Q F)

0.5%

0.5%

0.4%

23:50

JPY

GDP Annualized SA (QoQ) (1Q F)

1.9%

1.9%

1.7%

23:50

JPY

GDP Nominal SA (QoQ) (1Q F)

0.6%

0.6%

0.5%

23:50

JPY

GDP Deflator (YoY) (1Q F)

0.9%

0.9%

0.9%

23:50

JPY

GDP Private Consumption (QoQ) (1Q F)

0.6%

0.5%

0.5%

23:50

JPY

GDP Business Spending (QoQ) (1Q F)

-0.7%

-0.4%

-1.4%

23:50

JPY

Bank Lending Incl Trusts (YoY) (MAY)

2.2%

-

2.2%

23:50

JPY

Bank Lending Ex-Trusts (YoY) (MAY)

2.2%

2.3%

2.2%

01:30

AUD

Home Loans (MoM) (APR)

1.7%

2.5%

-0.7%

01:30

AUD

Investment Lending (APR)

-5.0%

-

0.8%

01:30

AUD

Owner-Occupier Loan Value (MoM) (APR)

0.1%

-

-1.1%

03:07

CNY

Trade Balance ($) (MAY)

49.89b

55.70b

45.56b

03:07

CNY

Exports ($) (YoY) (MAY)

-4.1%

-4.0%

-1.8%

03:07

CNY

Imports ($) (YoY) (MAY)

-0.4%

-6.8%

-10.9%

03:07

CNY

Trade Balance (CNY) (MAY)

324.77b

387.20b

298.00b

03:07

CNY

Exports (CNY) (YoY) (MAY)

1.2%

1.5%

4.1%

03:07

CNY

Imports (CNY) (YoY) (MAY)

5.1%

-2.5%

-5.7%

04:30

JPY

Bankruptcies (YoY) (MAY)

-7.32%

-

-7.08%

05:00

JPY

Eco Watchers Survey Current (MAY)

43.0

43.4

43.5

05:00

JPY

Eco Watchers Survey Outlook (MAY)

47.3

45.9

45.5

European Session

GMT

CCY

EVENT

EXP

PREV

IMPACT

07:15

CHF

CPI (MoM) (MAY)

0.2%

0.3%

Medium

07:15

CHF

CPI (YoY) (MAY)

-0.4%

-0.4%

Medium

07:15

CHF

CPI - EU Harmonized (MoM) (MAY)

0.2%

0.2%

Low

07:15

CHF

CPI - EU Harmonized (YoY) (MAY)

-0.5%

-0.5%

Low

08:00

EUR

ECB's Hansson gives news conference

-

-

Low

08:30

GBP

Industrial Production (MoM) (APR)

0.0%

0.3%

Medium

08:30

GBP

Industrial Production (YoY) (APR)

-0.4%

-0.2%

Medium

08:30

GBP

Manufacturing Production (MoM) (APR)

-0.1%

0.1%

Medium

08:30

GBP

Manufacturing Production (YoY) (APR)

-1.5%

-1.9%

Medium

Critical Levels

CCY

Supp 3

Supp 2

Supp 1

Pivot Point

Res 1

Res 2

Res 3

EUR/USD

1.1275

1.1317

1.1338

1.1359

1.1380

1.1401

1.1443

GBP/USD

1.4106

1.4327

1.4436

1.4548

1.4657

1.4769

1.4990

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

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

DISCLOSURES

News & Analysis at your fingertips.