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
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
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
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Notice

BoE Chief Econimist (Hawk) is to Step Down From BoE After June Meeting

Real Time News
  • - Supply shortages could limit GDP upside - Expecting consumer-price pressures this year - Long-term disinflationary forces should modulate prices
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.27% 🇯🇵JPY: 0.20% 🇨🇦CAD: 0.20% 🇨🇭CHF: 0.15% 🇦🇺AUD: 0.15% 🇬🇧GBP: 0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/SOlcl3sqbU
  • Fed's Barkin: - Hopeful that US is on brink of completing recovery - Expecting "really strong" spring and summer - Real-time indicators suggests US is "in midst of boom" #Fed $USD
  • Fed's Harker: - No reason to withdraw support yet, recovery remains in early stages - Good reason to expect recovery in 2021 - US GDP should grow 5-6% this year - Expecting unemployment rate to continue to decline #Fed $USD
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: France 40: 0.25% US 500: 0.11% FTSE 100: -0.07% Germany 30: -0.08% Wall Street: -0.38% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/az0ACroYJd
  • Hey traders! Get your Tuesday market update on what event risks we are witnessing - Chinese trade figures, UK data & US CPI from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/cj5gu1zwKT
  • Heads Up:🇺🇸 Fed Harker Speech due at 16:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-13
  • Heads Up:🇺🇸 Fed Daly Speech due at 16:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-13
  • Heads Up:🇺🇸 Fed George Speech due at 16:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-13
  • EU Commission plans to issue first Next Gen EU bonds by June. $EUR
Australian Dollar Trend Little Changed Amid Leadership Uncertainty

Australian Dollar Trend Little Changed Amid Leadership Uncertainty

Eric Andersen,

THE TAKEAWAY: Australian PM Gillard Calls for Leadership Ballot following Foreign Minister Rudd’s Resignation > Tussle Introduces Risk of Early Election > AUDUSD Reaction Muted

Australian_Dollar_Trend_Little_Changed_Amid_Leadership_Uncertainty_body_Picture_5.png, Australian Dollar Trend Little Changed Amid Leadership Uncertainty

Australian Prime Minister Julia Gillard called for a leadership ballot early Thursday morning in order to put to rest concerns that former PM Kevin Rudd would be a better leader of the Labor Party. Amid record-low approval ratings, Gillard seeks to cement her position in the executive role she seized from Rudd in an internal coup in June 2010.

Yesterday, Rudd resigned his position as Gillard’s Foreign Minister, a move reflecting a lack of unity within the Labor Party. Gillard says that the Australian people “need a leadership ballot to settle this question once and for all,” and that she will abandon her hopes for Labor Party executive roles in the event her colleagues choose Rudd over her. Gillard urged Rudd to take the same pledge.

In the event that Rudd or Gillard quit politics, the Labor Party would lose its single-seat majority in the Australian Parliament, providing the Opposition with an opportunity to call early elections or form a new government, given it had the support of independents.

Trader reaction to the call for a ballot was minimal. The AUDUSD had been trending downward for nearly a week, and the pair’s response to Gillard’s announcement was muted. The introduction of political uncertainty triggered only a brief bout of seesaw volatility, with AUDUSD spiking lower only to quickly recover and resume its already-established gradual descent.

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

DISCLOSURES