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.



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
  • OPEC technical meeting was told to expect US oil output to rise by 200kbpd this year - OPEC & Industry sources
  • 🇨🇦 New Housing Price Index YoY (MAY) Actual: 11.3% Previous: 9.9%
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 82.84%, while traders in France 40 are at opposite extremes with 76.19%. See the summary chart below and full details and charts on DailyFX:
  • Fed's Bullard says his dot plot reflects liftoff in late 2022
  • $USDCAD taking on a new life now, back above the longer-term trendline +370 from the failed breakout earlier this month
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.03% 🇪🇺EUR: -0.07% 🇨🇦CAD: -0.13% 🇬🇧GBP: -0.41% 🇦🇺AUD: -0.49% 🇳🇿NZD: -0.54% View the performance of all markets via
  • Heads Up:🇨🇦 New Housing Price Index YoY (MAY) due at 12:30 GMT (15min) Previous: 9.9%
  • 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:
  • Heads Up:🇮🇳 Monetary Policy Meeting Minutes due at 11:30 GMT (15min)
Australian Dollar May Fall Further on Hawkish FOMC Guidance

Australian Dollar May Fall Further on Hawkish FOMC Guidance

Ilya Spivak, Head Strategist, APAC
Australian Dollar May Fall Further on Hawkish FOMC Guidance

Fundamental Forecast for the Australian Dollar: Bearish

  • Australian Dollar at the mercy of risk trends, relative yields outlook
  • Lull in domestic event risk puts FOMC rate decision in the spotlight
  • Hawkish Fed posture threatens third week of Aussie Dollar lossess

Are retail traders buying or selling AUD/USD before the Fed rate decision? Find out here.

The Australian Dollar faces another difficult week ahead as all eyes turn to FOMC monetary policy announcement. The currency’s sensitivity to risk sentiment trends and relative yield spreads suggests whatever outcome crosses the wires, it is likely to generate ample Aussie volatility. The markets price in the probability of a rate hike at just 20 percent, suggesting few traders will be surprised if central bank officials opt for the status quo. The spotlight will be on the updated set of economic and rate-path forecasts as well as a press conference with Fed Chair Janet Yellen.

While US economic data has mostly underperformed relative to consensus forecasts since late July, decidedly hawkish comments from Yellen and Fed Vice Chair Fischer set off speculation of imminent tightening. This sense has been reinforced by saber-rattling from most other policymakers that have opined since. Investors will look for guidance that reconciles this disparity. Augusts’ stronger-than-expected inflation reading and nonfarm payrolls growth averaging above the 190k cited by Ms Yellen as supportive of a hike certainly help. However, explicitly singling out these developments as formative may be needed to guide market expectations through the fog of conflicting news-flow.

Although Fed officials have claimed that every policy meeting may produce a rate hike, their clear desire not to trigger market panic suggests that they will not opt to change things without an opportunity to thoroughly explain in detail. This means that after this week’s outing, the next opportunity for stimulus withdrawal comes in December. Between now and then, another opportunity to update traders will come in November, offering the FOMC a chance to up- or down-shift the projected rate hike path and limit surprise risk. Keeping this flexibility will mean that the narrative emerging from the upcoming announcement will need to be cautious but unmistakably hawkish. This bodes ill for risk appetite as well as the Aussie’s yield advantage, threatening to deliver the currency a third consecutive weekly loss.

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