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
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Bearish
USD/JPY
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
More View more
Real Time News
  • 🇧🇷 GDP Growth Rate YoY (Q4) Actual: -1.1% Expected: -1.6% Previous: -3.9% https://www.dailyfx.com/economic-calendar#2021-03-03
  • 🇧🇷 GDP Growth Rate QoQ (Q4) Actual: 3.2% Expected: 2.8% Previous: 7.7% https://www.dailyfx.com/economic-calendar#2021-03-03
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.59%, while traders in Germany 30 are at opposite extremes with 74.06%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/iW6hnADxXY
  • Heads Up:🇺🇸 MBA Mortgage Applications (26/FEB) due at 12:00 GMT (15min) Previous: -11.4% https://www.dailyfx.com/economic-calendar#2021-03-03
  • Heads Up:🇵🇱 Interest Rate Decision (MAR) due at 12:00 GMT (15min) Expected: 0.1% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2021-03-03
  • Heads Up:🇧🇷 GDP Growth Rate YoY (Q4) due at 12:00 GMT (15min) Expected: -1.6% Previous: -3.9% https://www.dailyfx.com/economic-calendar#2021-03-03
  • Heads Up:🇧🇷 GDP Growth Rate QoQ (Q4) due at 12:00 GMT (15min) Expected: 2.8% Previous: 7.7% https://www.dailyfx.com/economic-calendar#2021-03-03
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.89% Silver: -0.79% Gold: -0.90% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/s6gSdtSyzk
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.17% 🇨🇦CAD: 0.16% 🇦🇺AUD: -0.05% 🇳🇿NZD: -0.11% 🇨🇭CHF: -0.17% 🇯🇵JPY: -0.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/gbOKCTOkIE
  • Make smart trading decisions with your free guide to trade the news. Download your free guide here.https://t.co/pb5E2KgRzW #DailyFXGuides https://t.co/LLkrZwdTae
Australian Dollar Slides After Miss on April Retail Sales

Australian Dollar Slides After Miss on April Retail Sales

Christopher Vecchio, CFA, Senior Strategist

The Australian economy continues to show signs of weakness, this time within the consumption component of the economy. April retail sales contracted by 0.2 percent from the previous month, well-below the consensus forecast of 0.2 percent growth, according to a Bloomberg News survey. This comes after growth of 1.1 percent in March, and represents the first contractionary reading since December, when sales fell by 0.1 percent.

AUDUSD 1-minute Chart: May 29, 2012

Australian_Dollar_Slides_After_Miss_on_April_Retail_Sales_body_Picture_1.png, Australian Dollar Slides After Miss on April Retail Sales

Charts Created using Marketscope – Prepared by Christopher Vecchio

Following the release, the Australian Dollar plunged across the board, with the most notable moves coming against the Japanese Yen and the US Dollar. The AUDJPY quickly dropped from 77.97 to a fresh session low at 77.71, while the AUDUSD slipped from 0.9810 to a fresh session low of 0.9769 in just a few minutes. Both pairs have rebounded, however, trading approximately 20-pips higher each following the market’s digestion of the release.

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, send an e-mail with subject line "Distribution List" to cvecchio@dailyfx.com

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

DISCLOSURES