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.

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
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
Bullish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
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
More View more
Real Time News
  • 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: https://t.co/nAa0fHHGbZ https://t.co/NO6wH8ZDJF
  • 💶 Economic Sentiment (FEB) Actual: 93.4 Expected: 92 Previous: 91.5 https://www.dailyfx.com/economic-calendar#2021-02-25
  • 💶 Industrial Sentiment (FEB) Actual: -3.3 Expected: -5 Previous: -6.1 https://www.dailyfx.com/economic-calendar#2021-02-25
  • 💶 Consumer Confidence Final (FEB) Actual: -14.8 Expected: -14.8 Previous: -15.5 https://www.dailyfx.com/economic-calendar#2021-02-25
  • Heads Up:💶 Economic Sentiment (FEB) due at 10:00 GMT (15min) Expected: 92 Previous: 91.5 https://www.dailyfx.com/economic-calendar#2021-02-25
  • Heads Up:💶 Industrial Sentiment (FEB) due at 10:00 GMT (15min) Expected: -5 Previous: -5.9 https://www.dailyfx.com/economic-calendar#2021-02-25
  • Heads Up:💶 Consumer Confidence Final (FEB) due at 10:00 GMT (15min) Expected: -14.8 Previous: -15.5 https://www.dailyfx.com/economic-calendar#2021-02-25
  • What's the difference between leading and lagging indicators? Find out from here: https://t.co/vGx8HCagF5 https://t.co/ei1SFQGiUy
  • 🇮🇹 Business Confidence (FEB) Actual: 99 Expected: 96 Previous: 95.6 https://www.dailyfx.com/economic-calendar#2021-02-25
  • 🇮🇹 Consumer Confidence (FEB) Actual: 101.4 Expected: 101 Previous: 100.7 https://www.dailyfx.com/economic-calendar#2021-02-25
AUD/USD Fails to Clear Former Support; Risks Lower-High on Dovish RBA

AUD/USD Fails to Clear Former Support; Risks Lower-High on Dovish RBA

David Song, Strategist

Talking Points:

- GBP/USD Gaps Higher Ahead of U.K. CPI on Hawkish Carney Comments

- AUD/USD Remains Capped by Former Support Ahead of RBA Event Risk

- USDOLLAR Fails to Preserve Bullish RSI Momentum; U.S. Inflation to Slow

Index

Last

High

Low

Daily Change (%)

Daily Range (% of ATR)

DJ-FXCM Dollar Index

10561.06

10564.9

10546.75

0.06

64.35%

GBP/USD:

  • Gaps higher as Bank of England (BoE) Governor Mark Carney shows greater willingness to normalize monetary policy despite weaker-than-expected U.K. wage growth.
  • U.K. Consumer Price Index (CPI) is expected to slow to an annualized 1.8% from 1.9% in July; may help to close the gap from the Sunday open should it drag on interest rate expectations.
  • The DailyFX Speculative Sentiment Index (SSI) ratio for GBP/USD has narrowed following the decline from earlier this month, but the retail crowd remains net long as it stands at +1.76.

AUD/USD:

  • Failure to push back above former support (0.9330-40) raises the risk for a near-term topping process in the AUD/USD; lower-high in place?
  • Reserve Bank of Australia (RBA) Minutes & Governor Glenn Stevens’ semi-annual testimony may generate a more bearish outlook for the AUD/USD as the central bank cuts its growth/inflation forecast.
  • Despite the RBA’s pledge for ‘interest rate stability,’ market participants appear to be leaning more towards a rate cut rather than a rate hike from RBA as Credit Suisse Overnight Index Swaps (OIS) shows 12-month expectations falling 11bp.

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

AUD/USD Fails to Clear Former Support; Risks Lower-High on Dovish RBA

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

Read More:

Price & Time: Will There Be A Euro Squeeze?

5 Reasons EUR/USD is Coiling - GBP/USD Waits for UK, US CPIs on Tues

USDOLLAR Daily

AUD/USD Fails to Clear Former Support; Risks Lower-High on Dovish RBA

Chart - Created Using FXCM Marketscope 2.0

USDOLLAR(Ticker: USDollar):

  • The Dow Jones-FXCM U.S. Dollar Index retains the range from the previous week, but failure to preserve the bullish momentum in the Relative Strength Index (RSI) raises the risk for a near-term topping process.
  • Will watch 10,508-509 along with trendline support as the greenback remains vulnerable for a larger pullback.
  • U.S. CPI to slow to 2.0% from 2.1% in June; weaker-than-expected inflation print may weaken interest rate expectations as Fed looks to halt quantitative easing (QE) in October.
  • Interim Resistance: 10,590 Pivot to 10,604 (38.2% retracement)
  • Interim Support: 10,440 (78.6% retracement) to 10,450 Pivot

Join DailyFX on Demand for Real-Time SSI Updates!

Release

GMT

Expected

Actual

NAHB Housing Market Index (AUG)

14:00

53

55

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