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
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
  • Short-term uncertainties to keep the pressure on equity markets. Get your weekly equities forecast from @JMcQueenFX here:
  • 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:
  • - Unreal atmosphere - Shame about the result, but no complaints - Usyk masterclass - Heavyweight division blown wide open
  • The USD could still rally a bit from here, but has resistance not far ahead that it will need to overcome if it is to extend to a larger degree. Get your weekly $USD technical forecast from @PaulRobinsonFX here:
  • When it comes to buying and selling forex, traders have unique styles and approaches. Learn about buying and selling forex here:
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here:
  • What is your forex trading style? Take the quiz and find out:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • The results of this weekend’s German Federal Election will likely dominate Euro sentiment at the start of the week ahead but after a possible EUR/USD bounce they will have little long-term impact. Get your weekly $EUR forecast from @MartinSEssex here:
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
Australian Dollar Could Gain Despite RBA If GDP Comes In Solid

Australian Dollar Could Gain Despite RBA If GDP Comes In Solid

David Cottle, Analyst


  • The RBA is expected to hold interest rates steady at record lows this week
  • However, 1Q GDP data could well outperform the last quarter of 2017
  • And the Aussie does seem to have a little tailwind

Find out what retail foreign exchange traders make of the Australian Dollar’s chances right now at the DailyFX Sentiment Page.

The Australian Dollar market can look forward to two major domestic economic news points in the coming week.

Investors will get a look at official Gross Domestic Product data on Wednesday. This should have picked up from the fourth quarter’s 0.4% on-quarter rise, economists reckon, with those at Westpac now looking for a punchy 0.9% gain. Admittedly, the previous set of numbers shouldn’t prove too hard to beat but, if bullish forecasts are met, then the Australian Dollar can probably expect a little support, simply on the basis that its home economy is growing faster than most comparable peers.

However, investors will also hear this week from the Reserve Bank of Australia. It will set monetary policy on Tuesday and no change is expected to the all-time low official cash rate. It is all-but certain to remain at 1.50% for a new record of 20 straight months. Indeed, rate futures markets don’t fully price-in a rise of any sort until late 2019.

The problem, and it’s an old one now, is that Australian economy is not doing terribly badly, but wages and inflation remain stickily low, binding the RBA’s hands.

While this gloomy interest-rate differential backdrop is unlikely to alter in the coming week, the Australian Dollar did put in a measure of outperformance in the past month. It has risen against things like the generally beleaguered British Pound but also against the US Dollar, albeit to a modest extrent.

If the growth data exceed expectations, or even fail to disappoint, then this bullish momentum could yet be sustained.

So it’s a cautiously bullish call this week, but keep an eye on the US numbers too. Even with plentiful Australian events on the data schedule, the US Dollar is likely to drive AUD/USD in the end.

Australian Dollar Vs US Dollar, Trading Range.


Whether you’re new to trading or an old hand DailyFX has plenty of resources to help you. There’s our trading sentiment indicator which shows you live how IG clients are positioned right now. We also hold educational and analytical webinars and offer trading guides, with one specifically aimed at those new to foreign exchange markets. There’s also a Bitcoin guide. Be sure to make the most of them all. They were written by our seasoned trading experts and they’re all free.

--- Written by David Cottle, DailyFX Research

Follow David on Twitter@DavidCottleFX or use the Comments section below to get in touch!

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