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
Oil - US Crude
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
More View more
Real Time News
  • 🇨🇳 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
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/9:30 AM GMT to learn about how you can become a better trader. Register here: https://t.co/WeWGKtdlyz https://t.co/4hIQtGPL0N
  • Gold Prices May Resume Selloff After Digesting Largest Drop in 7 Years - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2020/08/13/Gold-Prices-May-Resume-Selloff-After-Digesting-Largest-Drop-in-7-Years.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #XAUUSD #gold https://t.co/aWOvE1KJXc
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.83%, while traders in US 500 are at opposite extremes with 77.46%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/EQ77jevtaX
  • Heads Up:🇫🇷 IEA Oil Market Report due at 08:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-08-13
  • Hey traders! I'm sure you've all heard about trend trading. Sharpen your knowledge here: https://t.co/jkliL5sxj7 https://t.co/QPW1os7wbE
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 0.98% Gold: 0.60% Oil - US Crude: -0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/gDZGfvBOHv
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.31% 🇨🇭CHF: 0.22% 🇬🇧GBP: 0.21% 🇦🇺AUD: -0.01% 🇨🇦CAD: -0.03% 🇳🇿NZD: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/9IwXKOUieT
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.16% US 500: -0.17% Germany 30: -0.24% France 40: -0.50% FTSE 100: -0.96% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/MtMyrT3zZY
AUD/USD Rate Rebound at Risk on Dovish RBA Minutes, Lowe Testimony

AUD/USD Rate Rebound at Risk on Dovish RBA Minutes, Lowe Testimony

2019-02-15 20:30:00
David Song, Strategist

Australian Dollar Talking Points

AUD/USD catches a bid ahead of the Reserve Bank of Australia (RBA) Minutes, with Governor Philip Lowe alsoscheduled to testify in front of Parliament next week, and fresh comments coming out of the central bank may rattle the recent rebound in the exchange rate as the board alters the forward-guidance for monetary policy.

Image of daily change for major currencies

AUD/USD Rate Rebound at Risk on Dovish RBA Minutes, Lowe Testimony

Image of daily change for audusd rate

AUD/USD extends the advancefrom the monthly-low (0.7054) following the slew of dismal data prints coming out of the U.S. economy, and the exchange rate may stage a larger recovery over the coming days as it breaks out of a narrow range.

However, the RBA Minutes may produce headwinds for the Australian dollar as Governor Lowe warns that the interest rate outlook is ‘much more evenly balance,’ and the central bank may continue to adjust the forward-guidance amid the weakening outlook for the Asia/Pacific region.

Image of DailyFX economic calendar

In turn, Australia’s Employment report may ultimately generate a limited reaction as the RBA shows a greater willingness to further support the economy, and the testimony with Governor Lowe may drag on the Australian dollar as the central bank head warns that ‘it is possible that the economy is softer than we expected.’ With that said, it seems as though the RBA will keep the official cash rate (OCR) at the record-low for the foreseeable future, and the RBA may have little choice but to adopt a more dovish tone ahead of the next meeting on March 5 if the U.S. and China, Australia’s largest trading partner, struggle to reach a trade deal.

As a result, AUD/USD stands at risk of facing near-term headwinds over the days ahead, with the broader outlook still tilted to the downside as the flash-crash stalls at the 200-Day SMA (0.7276). Moreover, aussie-dollar has failed to retain the bullish formation from earlier this year, with the Relative Strength Index (RSI) highlighting a similar dynamic, and the recent rebound may end up being short-lived if the fresh comments coming out of the RBA boost speculation for a rate-cut. Sign up and join DailyFX Currency Analyst David Song LIVE for an opportunity to discuss potential trade setups.

AUD/USD Daily Chart

Image of audusd daily chart
  • The rebound from the monthly-low (0.7054) may gather pace as AUD/USD reverses course ahead of the 0.7020 (50% expansion) region, with the 0.7170 (23.6% expansion) to 0.7180 (61.8% retracement) on the radar as the exchange rate breaks out of a narrow range and initiates a fresh series of higher highs & lows.
  • Next region of interest comes in around 0.72030 (61.8% expansion) followed by the Fibonacci overlap around 0.7320 (50% expansion) to 0.7340 (61.8% retracement).

Additional Trading Resources

Are you looking to improve your trading approach? Review the ‘Traits of a Successful Trader’ series on how to effectively use leverage along with other best practices that any trader can follow.

Want to know what other currency pairs the DailyFX team is watching? Download and review the Top Trading Opportunities for 2019

--- Written by David Song, Currency Analyst

Follow me on Twitter at @DavidJSong.

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


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.