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
  • Dollar Index remains above 90 as US equities put in a strong session $USD $DXY
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Silver: 2.28% Gold: 1.47% Oil - US Crude: -0.15% View the performance of all markets via
  • EUR/USD carves a series of higher highs and lows ahead of the European Central Bank’s (ECB) first meeting for 2021. Get your $EURUSD market update from @DavidJSong here:
  • Silver noticeably higher during trade, now up over 2% $XAG $USD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Wall Street are at opposite extremes with 66.19%. See the summary chart below and full details and charts on DailyFX:
  • Canadian #Dollar Outlook: $USDCAD BoC Breakdown– #Loonie Levels -
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: US 500: 1.39% Wall Street: 0.76% FTSE 100: 0.18% Germany 30: 0.15% France 40: 0.15% View the performance of all markets via
  • US indices remain up following Biden's inauguration, with the S&P and Nasdaq hitting fresh all time highs today. DOW +0.76% NDX +1.83% SPX +1.33% RUT +0.12% $DOW $QQQ $SPY $IWM
  • USD/CAD falls to session lows as Loonie gains immediately after the BoC rate decision. Get your $USDCAD market update from @RichDvorakFX here:
  • $EURJPY is trading below 125.50 today after attempting to stage a recovery yesterday. The pair had climbed back above 126.00 yesterday after falling to around 125.10, its lowest level since early December, during Monday trading. $EUR $JPY
AUD/USD Threatens Bearish RSI Momentum Ahead of RBA

AUD/USD Threatens Bearish RSI Momentum Ahead of RBA

David Song, Strategist

Talking Points:

- AUD/USD Breaks Out, Threatens Bearish Momentum Ahead of RBA March Meeting.

- USD/CAD Holds Monthly Opening Range as BoC Governor Poloz Talks Down Rate-Cut Bets.

- USDOLLAR Risks Larger Correction as Fed Chair Janet Yellen Remains in No Rush to Normalize.

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


AUD/USD Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • AUD/USD breaking out following the positive data prints out of Asia-Pacific; will keep a close eye on former support around 0.8020 (38.2% expansion) to 0.8030 (61.8% retracement) as the Relative Strength Index (RSI) threatens the long-dating bearish momentum.
  • Despite the surprise rate cut, seeing narrowing expectations for another move at the Reserve Bank of Australia’s (RBA) March 3 meeting as Governor Glenn Stevens adopts a more neutral tone.
  • Nevertheless, DailyFX Speculative Sentiment Index (SSI) shows retail crowd turned net-short AUD/USD yesterday, with the ratio currently holding at -1.44.


USD/CAD Daily Chart
  • USD/CAD may continue to consolidate and retail the opening monthly range as Bank of Canada (BoC) Governor Stephen Poloz argues that the surprise rate cut was an ‘insurance’ move; looks as though the central bank will retain its current policy at the March 4 meeting.
  • With that said, may need a larger fundamental catalyst to spur a break of the February range; keeping a close eye on the RSI as it retains the bearish momentum from earlier this month.
  • Long-term outlook remains bullish amid the policy divergence, but need a close above 1.2630 (23.6% expansion) to favor another run at 1.2800 (38.2% expansion).

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

Read More:

Price & Time: The March Inflection Point in Crude

GBPNZD Responds to Key Support- Scalps Target Resistance at 2.0550

USDOLLAR(Ticker: USDollar):





Daily Change (%)

Daily Range (% of ATR)

DJ-FXCM Dollar Index






AUD/USD Threatens Bearish RSI Momentum Ahead of RBAUSDOLLAR Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • Dow Jones-FXCM U.S. Dollar remains under pressure as Fed Chair Janet Yellen appears to be in no rush to normalize monetary policy; close below 11,774 (50% expansion) to favor downside targets as the bearish RSI momentum continues to take shape.
  • U.S. Consumer Price Index (CPI) may also dampen interest rate expectations as the headline reading is expected to show the first annualized contraction since July 2009..
  • Downside region of interest comes in around 11,721 (38.2%), which also lines up with channel support and the 50-Day SMA (11,705).

Join DailyFX on Demand for Real-Time SSI Updates!





MBA Mortgage Applications (FEB 20)




MBA Mortgage Foreclosures (4Q)




MBA Mortgage Delinquencies (4Q)




New Home Sales (JAN)




New Home Sales (MoM) (JAN)




Fed Chair Janet Yellen Delivers Humphrey-Hawkins Testimony


Click Here for the DailyFX Calendar

--- Written by David Song, Currency Analyst

To contact David, e-mail 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.