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
Oil - US Crude
Wall Street
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
  • The Australian Dollar may extend its slide lower despite the planned easing of Covid-19 restrictions, as the market continues to price in an RBA rate cut on October 6. Get your #currencies update from @DanielGMoss here:
  • The Indian Rupee may be at risk to the US Dollar as USD/INR attempts to refocus to the upside. This is as the Nifty 50, India’s benchmark stock index, could fall further. Get your USD/INR market update here:
  • Technical indicators are chart analysis tools that can help traders better understand and act on price movement. Learn more about the importance of technical analysis here:
  • #Gold prices have plunged nearly 11% off the record highs with a breakout risking further losses. Here are technical trade levels that matter on the XAU/USD weekly chart. Get your #metals update from @MBForex here:
  • Traders tend to overcomplicate things when they’re starting out in the forex market. This fact is unfortunate but undeniably true.Simplify your trading strategy with these four indicators here:
  • GBP turbulence persists as investors eye the next round of EU-UK Brexit negotiations. Cautious optimism signals a deal is near. Get your #currencies update from @JMcQueenFX here:
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here:
Australian Dollar Declined as Chinese Manufacturing Flags

Australian Dollar Declined as Chinese Manufacturing Flags

2012-08-23 03:13:00
Gary Kerdus,

THE TAKEWAY: Chinese Manufacturing contraction deepened > Eurozone and Chinese weakness may spell trouble for Australian Exports > Australian Dollar Declined

The Australian Dollar declined versus the U.S. Dollar as the Chinese manufacturing industry contraction deepened further. At 2:18 GMT today the HSBC Flash Manufacturing Index data was released and reported a print of 47.8 for August which was worse than last month’s reading at 49.3. A reading below 50.0 indicates contraction.

The ongoing Eurozone recession may be a significant reason as to why production in China is down as Europe is a major consumer of Chinese goods. Moreover, recently the PBOC, China’s Central Bank, injected roughly 220 billion yuan into their banking system as part of a recent stimulus operation to combat their current domestic economic slowing.

China is a major consumer of Australian resources. It’s likely that a continuation of the Eurozone and Chinese slowdown may spell trouble for Australian exports, which could materially damage an already fragile Aussie economy. The Australian Dollar is sensitive to interest rate changes as economic easing could hint towards future action on behalf of the RBA to enact additional stimulus measures.

AUD/USD, 1 Minute Chart

Australian_Dollar_Declined_as_Chinese_Manufacturing_Flags_body_Picture_1.png, Australian Dollar Declined as Chinese Manufacturing Flags

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