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
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
  • All eyes on the Fed on Wednesday as investors weigh on chances of a taper announcement. Get your weekly equities forecast from @HathornSabin here:
  • 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:
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • The US Dollar caught a bid in the late part of last week to set a fresh September high. FOMC is around the corner, are bulls going to be able to push for another fresh high? Get your weekly US Dollar forecast from @JStanleyFX here:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • The Australian Dollar remains vulnerable to most of its major counterparts, with AUD/USD and AUD/JPY resuming losses. Did AUD/NZD bottom? AUD/CAD may consolidate. Get your weekly Australian Dollar forecast from @ddubrovskyFX here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • While the meetings of central bankers in the US, Japan and the UK will be front, left and center of traders’ minds this coming week, it would be wise not to ignore next Sunday’s German Federal Election. Get your euro forecast from @MartinSEssex here:
  • Take a closer look visually at the most influential global importers and exporters here:
Australian Dollar Faces Calmer Week, But That May Not Save It

Australian Dollar Faces Calmer Week, But That May Not Save It

David Cottle, Analyst


  • The Australian Dollar is heading into a calmer week for domestic data
  • Still, it’s in retreat against the US currency
  • And it’s very hard to see that changing

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

The Australian Dollar faces a lack of major, first-tier domestic economic data in the coming week and, given that last week’s full calendar saw AUD/USD appreciably lower, it might be reasonable to assume that a sparser calendar might bring some reprieve.

For, to be sure, last week was rough on the currency. RBA Governor Philip Lowe sounded once again like a man in absolutely no hurry to raise interest rates when he spoke in Melbourne. He praised the economy’s strong employment record and lauded rising business investment. However, he also lamented the paucity of wage settlements and longed aloud for wage gains of 3%. With inflation stuck at 1.9% corporate Australia seems unlikely to offer such largesse.

Official Australian employment data were mixed. Overall job creation missed forecasts in May and was dominated by part-time hiring gains, even as the unemployment rate fell.

The coming week won’t bring anything of comparable importance to the data table. Investors will get a look at the minutes of the last RBA policy meeting but, given that Lowe has already spoken since, these seem unlikely to add much to what’s already known –that the record low, 1.50% Official Cash Rate won’t be going anywhere soon.

And that means that the Aussie is likely to remain embattled even if the data flow is light. The contrast between the RBA’s attitude and that of the US Federal Reserve remains very stark. The Fed hiked rates last week and, as long as the data give it the leeway, seems set to do so again this year at least once and probably twice.

Given that it’s hard to get too bullish about the AUD/USD backdrop. Last week’s rate move took the Fed Funds target rate band wholly above the OCR for the first time since the financial crisis and the spread between the two seems all-too likely to widen further in the US Dollar’s favor.

So much for interest rate differentials, AUD/USD is also under a bit of technical pressure thanks to bulls’ failure to build on June 6’s peaks.

Of course, the US Dollar might retrace too, particularly if global trade war worries are stoked by more tariff threats from the White House.


But such things are unpredictable and, based on what we can know, it just has to be another bearish call this week.


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.