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
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
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
Wall Street
Bearish
Gold
Bearish
GBP/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
USD/JPY
Mixed
More View more
Real Time News
  • UK Chief Negotiator Frost says our assessment is an agreement can be reached in September $GBP
  • Join @CVecchioFX 's #webinar at 7:30 AM ET/11:30 AM GMT for your weekly update on the world's most influential central banks. Register here: https://t.co/xCF8skC3Bz https://t.co/nV2YhbISnj
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here: https://t.co/2MCG036HGH https://t.co/PHVjArXYww
  • Repatriation flows for $AUD? https://t.co/vOfFPvq1Ts
  • 🇮🇪 Inflation Rate YoY (JUL) Actual: -0.4% Previous: -0.4% https://www.dailyfx.com/economic-calendar#2020-08-13
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.21% US 500: -0.22% Germany 30: -0.27% France 40: -0.29% FTSE 100: -0.77% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/pNdFxFzh7s
  • Triangle patterns have three main variations and appear frequently in the forex market. These patterns provide traders with greater insight into future price movement and the possible resumption of the current trend. Learn about triangles here: https://t.co/7FV2JAxssO https://t.co/qLvzxkHY8p
  • Heads Up:🇮🇪 Inflation Rate YoY (JUL) due at 10:00 GMT (15min) Previous: -0.4% https://www.dailyfx.com/economic-calendar#2020-08-13
  • 🇨🇳 FDI (YTD) YoY (JUL) Actual: 0.5% Previous: -1.3% https://www.dailyfx.com/economic-calendar#2020-08-13
  • Have you been catching on your @DailyFX podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/6b3JtrSQnP
AUD/USD Eyes Range Support Ahead of 2Q CPI- NZD Opening Gap in Focus

AUD/USD Eyes Range Support Ahead of 2Q CPI- NZD Opening Gap in Focus

2014-07-21 15:40:00
David Song, Strategist
Share:

Talking Points:

- AUD/USD Range in Focus Ahead of RBA Governor Stevens, 2Q Inflation Report

- NZD/USD Gaps Higher Ahead of Reserve Bank of New Zealand (RBNZ) Meeting

- USDOLLAR Continues to Threaten 10,440 Ahead of U.S. Consumer Price Index (CPI)

Index

Last

High

Low

Daily Change (%)

Daily Range (% of ATR)

DJ-FXCM Dollar Index

10440.58

10441.6

10421.39

0.10

78.92%

AUD/USD:

  • Looks poised to retain the sideways price action given the string of failed attempts to close above the 0.9400 handle; key support remains around the 0.9330-40 region;
  • Reserve Bank of Australia (RBA) Governor Glenn Stevens scheduled to speak at 23:00 ET; more verbal intervention on tap?
  • Australia 2Q Consumer Price Index (CPI) may limit the downside risk for AUD/USD as headline reading for inflation is expected to uptick to an annualized 3.0% from 2.9% during the first three-months of 2014.

NZD/USD:

  • Gaps higher ahead of the Reserve Bank of New Zealand’s (RBNZ) interest rate decision; widely expected to deliver another 25np rate hike which would take the cash rate to 3.50%.
  • Language accompanying the interest rate decision may play a larger role in driving the market reaction following New Zealand’s dismal 2Q CPI report.
  • According to Credit Suisse Overnight Index Swaps (OIS), market now see just 50bp worth of rate hikes over the next 12-months.

For more updates, sign up for David's e-mail distribution list.

AUD/USD Eyes Range Support Ahead of 2Q CPI- NZD Opening Gap in Focus

Join DailyFX on Demand for Real-Time SSI Updates Across the Majors!

Read More:

Price & Time: USD/JPY Continues to Disappoint

GBP/USD Needs Hawkish BoE Minutes, Upbeat 2Q GDP for Fresh Highs

USDOLLAR Daily

AUD/USD Eyes Range Support Ahead of 2Q CPI- NZD Opening Gap in Focus

Chart - Created Using FXCM Marketscope 2.0

USDOLLAR(Ticker: USDollar):

  • Dow Jones-FXCM U.S. Dollar Index remains at risk of a topping process given the failed attempts to close above 10,440 (78.6% Fibonacci retracement).
  • Following the Humphrey-Hawkins Testimony, the U.S. Consumer Price Index (CPI) may undermine the Fed’s dovish tone for monetary policy as the headline reading for inflation is expected to hold at the fastest pace since October 2011.
  • Will continue to look for a lower-high as the USDOLLA retains the descending channel from earlier this year.
  • Interim Resistance: 10,508 (61.8% retracement) to 10,524 (38.2% retracement)
  • Interim Support: 10,354 (Oct. low) to 10,375 (50.0& retracement)

Release

GMT

Expected

Actual

Chicago Fed National Activity Index (JUN)

12:30

0.18

0.12

Click Here for the DailyFX Calendar

--- Written by David Song, Currency Analyst

To contact David, e-mail dsong@dailyfx.com. Follow me on Twitter at @DavidJSong.

To be added to David's e-mail distribution list, please follow this link.

Trade Alongsidethe DailyFX Team on DailyFX on Demand

Looking to use the DailyFX Trade Signals LIVE? Check out Mirror Trader.

New to FX? Watch this Video

Join us to discuss the outlook for the major currencies on the DailyFXForums

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

DISCLOSURES

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.