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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bullish
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
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
Gold
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
GBP/USD
Bullish
USD/JPY
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
More View more
Real Time News
  • After a miraculous recovery in Q2, equity markets will be left juggling the Fed’s policy and the threat of a second covid wave, all in an election year. Evidently, traders will have their hands full in Q3. Read our equity forecast here: https://t.co/JARqbOKIeM https://t.co/Ms6zEucjqg
  • Hey traders! I'm sure you've all heard about trend trading. Sharpen your knowledge here: https://t.co/jkliL5sxj7 https://t.co/uvlv1MCAHI
  • $GBPUSD posts impressive Q2 recovery, however, what upside challenges lie ahead in Q3? Download our #GBP trading guide to find out: https://t.co/ZE0yjc6wdQ https://t.co/bFa90VJYor
  • RT @DailyFX: What’s the outlook for gold, USD, and the US economy? Jim Rogers shares his thoughts with @DailyFX only on "Trading Global Mar…
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.37% 🇦🇺AUD: 0.22% 🇬🇧GBP: 0.18% 🇪🇺EUR: 0.09% 🇨🇭CHF: 0.00% 🇯🇵JPY: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/2faAkNNk8r
  • Texas virus cases increase 4.3%, above prior 4.2% 7-day average - BBG
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 0.56% Gold: -0.04% Oil - US Crude: -0.76% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/esKy1uY3rQ
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.06%, while traders in US 500 are at opposite extremes with 71.69%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/HVIXApa0wb
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:https://t.co/vg7w10la3j https://t.co/Mit4oKK16l
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.63% France 40: 0.62% FTSE 100: 0.55% US 500: 0.00% Wall Street: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/bW5YIX8sRH
Australian Dollar Outlook Mixed As RBA Maintains Neutral Tone

Australian Dollar Outlook Mixed As RBA Maintains Neutral Tone

2012-02-25 00:38:00
David Song, Strategist
Share:
Australian_Dollar_Outlook_Mixed_As_RBA_Maintains_Neutral_Tone_body_Picture_5.png, Australian Dollar Outlook Mixed As RBA Maintains Neutral ToneAustralian_Dollar_Outlook_Mixed_As_RBA_Maintains_Neutral_Tone_body_Picture_6.png, Australian Dollar Outlook Mixed As RBA Maintains Neutral Tone

Fundamental Forecast for Australian Dollar: Neutral

The Australian dollar ended the week relatively unchanged after paring the advance to 1.0815, but the high-yielding currency may trend higher going in to March as we’re expecting to see a slew of positive developments coming out of the $1T economy. Indeed, the economic docket is expected to show a rebound in retail sales paired with another rise in private sector credit, and the data could spur a run at 1.10 as the Reserve Bank of Australia talks down the risks surrounding the region.

Indeed, RBA Governor Glenn Stevens talked down speculation for lower borrowing costs, stating that the benchmark interest rate is ‘about right for the moment,’ and went onto say that the recent appreciation in the local currency is ‘happening at a time when the terms of trade have actually peaked and started to come down’ while testifying in front of the House of Representatives Standing Committee on Economics. Although Mr. Stevens talked down speculation for a currency intervention, the central bank head did not exclude the measure as ongoing strength in the local currency dampens the prospects for an export-led recovery, and the RBA may have little choice but to expand monetary policy further in 2012 as the slowing recovery dampens the outlook for inflation. However, Fitch Ratings cut its long-term default rating for three major banks in Australia amid the regions reliance on international financing, and the ongoing turmoil in the global financial system could pose an increased threat to the $1T economy as the region faces a protracted recovery.

Nevertheless, as the less dovish tone held by RBA Governor Stevens props up interest rate expectations, a slew of positive developments should push the AUDUSD higher over the following week, but the bearish divergence in the relative strength index may spur a sharp pullback in the exchange rate as the pair struggles to hold above the 10-Day (1.0701) and the 20-Day (1.0708) moving averages. In turn, a break below 1.0600 would expose the 23.6% Fibonacci retracement from the 2010 low to the 2011 high around 1.0350-60, and we may see the high-yielding currency face additional headwinds in March as the slowdown in global trade casts a weakening outlook for the region - DS

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

DISCLOSURES

News & Analysis at your fingertips.