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
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
Wall Street
More View more
Real Time News
  • Join @ZabelinDimitri 's #webinar at 10:30 PM ET/2:30 AM GMT to find out how geopolitical risk will affect the markets in the week ahead. Register here:
  • “Risk off” sentiment swept Asia-Pacific markets at open as the US national security officials said that Iran and Russia have both obtained information about American voters’ registrations and are trying to influence the public about the election.
  • Next week, Thursday will offer up the US 3Q GDP, ECB rate decision and a run of FAANG earnings (Facebook, Amazon, Apple, Google) and BOJ rate decision
  • The British Pound may fall if EU and UK negotiators fail to reach a consensus as the December 31 deadline nears. The third presidential debate is on deck, how might markets react? Find out from @ZabelinDimitri here:
  • “National security officials on Wednesday announced that Iran and Russia have obtained swaths of voter registration information that could support their efforts to interfere in the 2020 presidential election” - Politico
  • Market Snapshot #SP500 and #ASX200 futures sliding lower after the US government stated that Iran and Russia have been attempting to interfere in the #USPresidentialElections2020 The risk-sensitive $AUDUSD losing ground while the 'safe haven' $JPY and $USD gain ground
  • 🇯🇵 Foreign Bond Investment (17/OCT) Actual: ¥419.8B Previous: ¥1946.5B
  • FBI to make an announcement on a ‘major election security’ issue shortly - CNBC
  • US Director Of National Intelligence Radcliffe: Identified Russia, Iran Have Taken Action To Interfere With Election
  • Heads Up:🇯🇵 Foreign Bond Investment (17/OCT) due at 23:50 GMT (15min) Previous: ¥1946.5B
AUD Continues Downward Spiral on Disappointing Construction Index Release

AUD Continues Downward Spiral on Disappointing Construction Index Release

2012-03-06 17:40:00
Max Oltersdorf,

THE TAKEAWAY: Australia February AiG Performance of Construction Index Numbers Falls to 35.6 from 39.8 Previous > Australian Residential Housing Sector Remains Weak> [AUDUSD continues its decline]

The latest Australian PCI numbers came in today, showing a further contraction in the Australian Housing Industry as the latest reading of 35.6 remained below the key 50 level for the 20th consecutive month. The print declined in February which is a testament to the fact the Australian residential housing sector is still very weak. Despite the figures still showing contraction, the level of such contraction has been gradually improving over the last few months, hinting that the sector is crawling its way towards recovery.

AUD/USD 1-minute Chart: March 06, 2012

03062012_AUD_AiG-HIA_PCI_March_6_body_Picture_4.png, AUD Continues Downward Spiral on Disappointing Construction Index Release

Charts Generated Using FXCM Strategy Trader

The Aussie Dollar slipsin the minutes following the release, continuing the 300+ pip decline it has seen since March 2nd. Regardless, the currency did not move drastically on the news, due to the fact that is not a widely watched economic indicator. At the time this report was written, the Australian currency weakened 0.05 percent against the U.S. dollar, traded at $1.0550. Because of the small population of Australia relative to the vast mineral wealth, the housing sector is not necessarily holding back recovery as it is in the United States and therefore the report is not a hugely important economic indicator. Although the index should recover as the economy does, in the case of Australia it is more of a lagging indicator, whereas in the US, it is considered leading. Because of this, a long-term Australian economic recovery is more reliant on global demand for commodities and, when demand finally recovers, we can expect to see the Australian dollar appreciate. However, in the short to medium term, turmoil in risk currencies prompts investors hunting for the safe-haven currencies such as U.S. dollar, Japanese Yen, thus the Aussie dollar should continue to depreciate.

--- Written by Max Oltersdorf, DailyFX Research Team for

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