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.

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
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
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
Bearish
Gold
Bullish
GBP/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
USD/JPY
Bearish
More View more
Real Time News
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.17% 🇨🇭CHF: 0.05% 🇪🇺EUR: -0.05% 🇨🇦CAD: -0.27% 🇳🇿NZD: -0.28% 🇦🇺AUD: -0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/uDoBCy0PfZ
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.34% France 40: 0.18% US 500: 0.07% Wall Street: -0.02% FTSE 100: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/sjo06l6WZa
  • $EURUSD traders are in for a busy week with a raft of important economic releases, the latest ECB policy meeting and President-elect Joe Biden’s inauguration all hitting the market in a matter of a few days. Get your $EURUSD update from @nickcawley1 here: https://t.co/mOOzNnfwLL https://t.co/DEVMWKiZ0l
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Silver: 0.69% Gold: 0.39% Oil - US Crude: 0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/UiZvDLCvUl
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in NZD/USD are at opposite extremes with 68.25%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Od7eL4ih4L
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 0.38% Gold: 0.30% Oil - US Crude: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/wQaxDJ4OL5
  • 2021 has been a marginally positive year for the Indian Rupee (INR) following similar trends exhibited by other Emerging Market (EM) currencies. Get your $IRN update from @WVenketas here: https://t.co/ZVYvhWwtqc https://t.co/v9Or9Wbr00
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.23% France 40: 0.09% US 500: -0.01% Wall Street: -0.12% FTSE 100: -0.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/G1sovXmpL4
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in NZD/USD are at opposite extremes with 69.12%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/wV5vwmmXEJ
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here: https://t.co/IsnpfIZNKr https://t.co/YgOdg2ric6
Australian Dollar at Risk on Static RBA, Upbeat US News-Flow

Australian Dollar at Risk on Static RBA, Upbeat US News-Flow

Ilya Spivak, Head Strategist, APAC
Australian-Dollar-at-Risk-on-Static-RBA-Upbeat-US-News-Flow_body_Picture_5.png, Australian Dollar at Risk on Static RBA, Upbeat US News-Flow

Fundamental Forecast for Australian Dollar: Neutral

  • RBA Rate Decision May Be a Nonevent as “Period of Stability“ Continues
  • AUD/USD May Fall as Upbeat US Data Erodes Aussie’s Yield Advantage
  • Help Time Key Turning Points for the Australian Dollar with DailyFX SSI

The Australian Dollar faces a whirlwind of event risk in the week ahead, with high-profile event risk lining up domestically and on the external front. A monetary policy announcement from the RBA uncharacteristically represents the least impactful of the week’s major inflection points. The central bank has advocated a period of policy stability for two consecutive meetings and there is little reason to suspect its calculus has materially changed.

Data from Citigroup shows Australian economic news-flow materially improved relative to expectations in March, but performance seems far from broad-based. Leading indicators from the Australian Industry Group (AiG) point to strength in services but likewise reveal an anemic manufacturing sector and slumping construction activity. At the very least, the RBA is likely to want to see several months of robust outcomes to rethink the economy’s medium-term trajectory. With that in mind, the April rate decision is likely to do little besides reinforcing the status quo.

Where the RBA may fall short, the US economic calendar offers plenty of opportunities for volatility. A busy docket featuring manufacturing and services ISM figures and February’s Factory Orders report culminates in the much-anticipated Employment data set. Improvements are expected across the board, with the closely monitored Nonfarm Payrolls print expected to hit the pivotal 200,000 monthly jobs gain threshold once again. That would amount to the strongest outcome since November.

US economic data outcomes have noticeably stabilized relative to consensus forecasts over the past two weeks having deteriorated dramatically since mid-January. That hints the soft patch in the recovery noted in the first half of the year has been priced in to analysts’ outlook, opening the door for news-flow to surprise on the upside. This against a backdrop of standstill at the RBA may erode the Aussie’s perceived policy advantage against its US namesake. AUD/USD has noticeably rebuilt its correlation with the Australia-US front-end bond yield spread, meaning such a scenario stands to push the pair lower.

-IS

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

DISCLOSURES