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
More View more
Real Time News
  • USD/JPY strengthening during trade, adding to an impressive run for the Dollar/Yen pair in 2021
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Silver: -0.21% Oil - US Crude: -0.21% Gold: -1.02% View the performance of all markets via
  • The latest CFTC positioning data for the week ending March 2nd saw speculators continue to unwind their US Dollar net shorts. Get your market update from @JMcQueenFX here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.43%, while traders in Germany 30 are at opposite extremes with 80.92%. See the summary chart below and full details and charts on DailyFX:
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Wall Street: 1.45% US 500: 0.20% France 40: -0.10% Germany 30: -0.25% FTSE 100: -0.33% View the performance of all markets via
  • $EURCAD has continued to head lower today, now trading right around the 1.5000 level. The pair hit a fresh one-year low, currently trading at its lowest level since early March of last year. $EUR $CAD
  • US Indices are rebounding from last week's sell off today. The Dow is leading the way, rising to a fresh all-time high. The Nasdaq remains negative for the day. DOW +2.00% NDX -0.55% SPX +0.91% RUT +1.70% $DIA $QQQ $SPY $IWM
  • Another look at the deviation in 'internal' interest in US equities: the candle is the Nasdaq 100 to S&P 500 ratio ($NDX-$SPX) overlaid with the S&P 500 itself in blue
  • A notable deviation in direction from the tech-heavy Nadex composite (candle) overlaid with the S&P 500 in blue. The 5-day correlation is still holding up but will start deviating fast at this pace
  • $USD has been pretty strong over the past couple of weeks and to a lesser degree, so far in 2021 but we've only retraced about 23.6% of that massive sell-off that started last March $DXY
Australian Dollar Caught Between Investor Appetite, RBA

Australian Dollar Caught Between Investor Appetite, RBA

David Cottle, Analyst
Australian Dollar Caught Between Investor Appetite, RBA

Fundamental Australian Dollar Forecast: Neutral

  • The Australian Dollar has faced plenty of verbal intervention from its central bank
  • It would like to see the currency a little lower against the Dollar
  • However yield-starved investors may not be so easily deterred

The DailyFX Trading Guidecan help you with your Australian Dollar strategy.

The coming week is light in terms of Australian economic numbers.

The sole obvious likely market mover is official employment release which will come on Wednesday. Even that is likely to have a binary and probably transitory impact on the currency; good numbers will mean Aussie gains, poor ones will see it slip.

Next week therefore is more likely to be about the background than the economic foreground as far as the Australian Dollar goes. That means investors will have one eye on global risk aversion and another on the Reserve Bank of Australia.

That central bank was last week at pains once more to point out the benefits of a lower currency. Governor Philip Lowe said again that a weaker Aussie would be helpful in getting the economy back to full employment. One of his deputies, Christopher Kent,said that a further Aussie rise would mean lower domestic growth. This was a subtle shift. The central bank has long argued that currency strength would complicate Australia’s transition away from reliance on raw material exports. But to link a stronger currency with weaker growth is perhaps a more explicit warning to traders that little more altitude is tolerable.

Mr. Lowe actually mentioned “intervention” in the currency markets last week. Admittedly he only did so in the context of denying that current market conditions were extreme enough to warrant it, but nonetheless he said the word. Markets will take note.

Of course the RBA’s problem is that yield-starved investors still find the Aussie attractive even now, close to two-year peaks against the US Dollar.

While the warlike rhetoric between Washington DC and Pyongyang remains at full volume, diminished risk appetite will probably weigh on the growth-linked Aussie and send investors scuttling instead for the supposed haven charms of the Japanese Yen and Swiss Franc. But should that risk appetite rise, the Aussie will no doubt find willing buyers, even with the central bank glowering over the heights. This is if you will a sort of deadlock which is why the call for this week is a (hopefully) honourable neutral one.

Australian Dollar Caught Between Investor Appetite, RBA

--- Written by David Cottle, DailyFX Research

Contact and follow David on Twitter:@DavidCottleFX

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