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
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Germany 30 are at opposite extremes with 65.58%. See the summary chart below and full details and charts on DailyFX:
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.71% Silver: 0.20% Gold: -0.22% View the performance of all markets via
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.13% 🇨🇦CAD: -0.01% 🇪🇺EUR: -0.05% 🇦🇺AUD: -0.08% 🇨🇭CHF: -0.09% 🇬🇧GBP: -0.10% View the performance of all markets via
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Germany 30: 1.41% France 40: 0.99% FTSE 100: 0.54% Wall Street: -0.06% US 500: -0.18% View the performance of all markets via
  • Heads Up:🇧🇷 BCB Copom Meeting Minutes due at 11:00 GMT (15min)
  • Defensive stocks have proven critically important when navigating stock market volatility. Find out what are the most defensive stocks here:
  • The London trading session accounts for around 35% of total average forex turnover*, the largest amount relative to its peers. The London forex session overlaps with the New York session. Learn about trading the London forex session here:
  • Italian PM Conte confirms to cabinet that he is resigning - government source
  • BoJ's Kuroda says monetary policy does have some limits in trying to achieve inflation target $JPY
Australian Dollar Looks to RBA Minutes for Rate Cut Timing

Australian Dollar Looks to RBA Minutes for Rate Cut Timing

Ilya Spivak, Head Strategist, APAC
Forex_Australian_Dollar_Looks_to_RBA_Minutes_for_Rate_Cut_Timing_body_Picture_1.png, Australian Dollar Looks to RBA Minutes for Rate Cut Timing

Fundamental Forecast for Australian Dollar: Neutral

The Australian Dollar will see the outlook for RBA monetary policy return to the spotlight in the week ahead. First, the central bank is due to release minutes from its February meeting. The statement released alongside the rate decision revealed a decidedly dovish lean, saying the “inflation outlook…afford[s] scope to ease policy further”.

With that in mind, forex traders will be keen to dissect the meeting minutes for clues about the possible timing of the next rate cut as well as the extent to which it be followed by a prolonged easing cycle. Later in the week, RBA Governor Glenn Stevens will help define expectations as he gives his semi-annual testimony to the House of Representatives’ Economics Committee.

As it stands, the markets are pricing in a mere 34 percent probability of another 25bps cut in the benchmark lending rate at the March meeting, according to data from Credit Suisse. The 12-month outlook calls for 36bps in additional accommodation, which suggests investors’ outlook leans toward the likelihood of just one more rate cut between now and early 2014 rather than a sustained easing campaign.

Meanwhile, AUDUSD continues to show a significant correlation to our in-house risk-reward gauge, suggesting the influence of sentiment trends remains an important consideration. With just two weeks left until the onset of the so-called “sequester” spending cuts in the US, speculation about the impact of fiscal retrenchment in the world’s top economy may begin to fuel risk aversion and make for a potent downside catalyst for the Aussie.

The Eurozone represents another potential source of volatility in sentiment trends, with assorted event risk scattered throughout the week and threatening to re-ignite sovereign stability concerns. EU President Herman Van Rompuy speaks to Parliament about the EU budget, whose ratification is critical to secure funding for on-going bailout programs.

Elsewhere, Spain’s Premier Mariano Rajoy is set to speak to his legislature amid calls for his resignation on corruption charges while candidates for the top job in Italy will hold a televised debate. Trades worry that Rajoy’s exit or Silvio Berlusconi’s return to power in Rome will derail fiscal reforms and plunge both countries disarray anew.

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