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.

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
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
Oil - US Crude
Bearish
Wall Street
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
Gold
Mixed
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
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
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.32%, while traders in GBP/JPY are at opposite extremes with 69.27%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/kcsD3qjosI
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.87% Gold: 0.42% Silver: 0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/SOyVF8iNo4
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZFxlk https://t.co/LXxiXJecyJ
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.26% 🇳🇿NZD: 0.24% 🇨🇦CAD: 0.19% 🇯🇵JPY: 0.10% 🇦🇺AUD: 0.10% 🇬🇧GBP: 0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/HqraVadHCu
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: France 40: 0.73% Germany 30: 0.67% FTSE 100: 0.66% US 500: 0.64% Wall Street: 0.46% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/l7tN7uRmmb
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZFxlk https://t.co/5M6zJ7kDnk
  • A “PIP” – which stands for Point in Percentage - is the unit of measure used by forex traders to define the smallest change in value between two currencies. Learn how to understand pips in forex here: https://t.co/AfAhmIoVZv https://t.co/Lp5XGaWX7n
  • 🇭🇰 GDP Growth Rate QoQ Final (Q1) Actual: 5.4% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2021-05-14
  • 🇭🇰 GDP Growth Rate YoY Final (Q1) Actual: 7.9% Previous: -2.8% https://www.dailyfx.com/economic-calendar#2021-05-14
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/zEEUHZBx7g https://t.co/zD9UMxLCzr
Australian Dollar at Risk on Post-Brexit, Geopolitical Jitters

Australian Dollar at Risk on Post-Brexit, Geopolitical Jitters

Ilya Spivak, Head Strategist, APAC
Australian Dollar at Risk on Post-Brexit, Geopolitical Jitters

Fundamental Forecast for the Australian Dollar: Neutral

  • Australian Dollar likely to fall in with risk sentiment trends yet again
  • Eurozone data, ECB rate decision to offer early Brexit spilloverclues
  • Geopolitics complicate the landscape as coup breaks out in Turkey

Are traders buying or selling AUD/USD? Find out here.

A lull in top-tier domestic event risk puts the Australian Dollar at the mercy of risk sentiment trends once again. The currency remains highly sensitive to changes in market mood, with the correlation between AUD/USD and the benchmark S&P 500 stock index at a three-month high of 0.9 (on rolling 20-day studies).

The aftermath of the UK Brexit referendum remains a critical macro theme. With the threat of a financial crisis immediately following the vote seemingly out of the way, investors have turned their attention to gauging the severity of knock-on effects on global economic growth and financial stability.

Needless to say, the Eurozone is ground zero for spillover. Germany’s ZEW survey of investor confidence, the flash Eurozone PMI roundup from Markit Economics and the ECB monetary policy announcement will offer early clues about the severity of contagion being expected in official and private-sector circles.

Uncertainty about the ground rules of the future economic relationship with the UK – heretofore the second-largest EU member state – will almost certainly dampen activity on the Continent. PMI and ZEW data will hint at the severity of the cooling effect while the ECB will suggest what may be done about it.

Eurozone economic news-flow has somewhat softened relative to consensus forecasts recently, warning that signs of weakness may already be emerging (although it is premature to say this with confidence for now). If this paves the way for downside surprises, risk appetite may be undermined.

For its part, the ECB seems unlikely to deliver an outright expansion of stimulus measures but comments from central bank President Mario Draghi will be critical to gauge policymakers’ readiness to act if need be. A neutral wait-and-see posture may prove to be a disappointment, amplifying the threat of risk aversion.

On the geopolitical front, an attempted military coup in Turkey late Friday complicates the landscape further. The country’s proximity to and significant economic linkages with Western Europe may fuel fears that turmoil there will amplify existing post-Brexit vulnerabilities, catalyzing a broader unraveling.

Taken together, all this amounts to a precarious environment for the Aussie. Much of the landscape remains clouded however and a great deal can change quickly, triggering seesaw volatility. With that in mind, the probability of follow-through on seemingly decisive moves should not be taken for granted.

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

DISCLOSURES