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
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • ...but before you write off H&S patterns because more have fallen apart rather than catalyzed lately, consider the monthly chart of $AUDUSD as well. That 0.8000-0.7925 zone is no joke as its historical midpoint, trendine and other technical points confluence
  • While there are other Dollar pairs getting more attention lately, I think $AUDUSD deserve a spot in the rotation. It's currently working out whether it is going to abide 2021's range as a consolidation reversal risk (H&S pattern)...
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Gold: 0.31% Oil - US Crude: -0.18% Silver: -0.50% View the performance of all markets via
  • Fed's Evans: - Tepid April jobs report was a 'head scratcher' - Welcomes wage growth as sign of a healthy jobs market - Fed has room to overshoot inflation target - 'It will be a while' before US has made enough progress to talk about tapering
  • US 10-Year Treasury yield extending to session highs and steering the Nasdaq to new lows of the day $NDX $QQQ $NQ_F
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.77%, while traders in Wall Street are at opposite extremes with 78.12%. See the summary chart below and full details and charts on DailyFX:
  • The price of gold extends the series of higher highs and lows from the previous week even though the 10-Year US Treasury yield retraces the decline following the US Non-Farm Payrolls (NFP) report. Get your $XAUUSD market update from @DavidJSong here:
  • Fed's Evans: - Very optimistic US will get back to strong job numbers - Still expects unemployment to fall below 5% this year $USD $DXY $TNX
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.67% US 500: -0.15% France 40: -0.18% Germany 30: -0.20% FTSE 100: -0.27% View the performance of all markets via
  • EUR/USD holding proven support level. Pullback may be over, but hurdles yet to cross. Get your $EURUSD market update from @PaulRobinsonFX here:
RBA Cuts Rate to 3.25 Percent, China, Eurozone Woes Key Drivers

RBA Cuts Rate to 3.25 Percent, China, Eurozone Woes Key Drivers

Gary Kerdus,

THE TAKEAWAY: RBA cuts overnight benchmark rate by 25bps to 3.25 percent > Governor Stevens cited European, Chinese, and global slowdown as motivating factor > Aussie trades lower

The Australian Dollar traded lower versus its major counterparts as the Reserve Bank of Australia cut the overnight benchmark lending rate by 25 basis points to 3.25 percent. RBA Governor Glenn Stevens cited a “soft” global economy over recent weeks parlayed with a slowing China and depressed commodity prices as the likely catalyst underlying their decision. Moreover, Stevens touched on declining commodity export prices as falling by roughly 10 percent along with a high exchange rate and depressed European demand as additional risks to Aussie growth.

Prices for Chinese exports of hot rolled coil – a steel input used in infrastructure development – to the Eurozone is down roughly 25 percent over the last twelve months providing further evidence of ebbing European demand and supportive of the decline in Australia’s terms of trade. A weaker Aussie currency should help ease conversion costs and possibly provide a boost to the export led economy.

The Australian Dollar is highly sensitive to changes in interest rates as traders can earn yield by taking long positions and pairing with a currency that costs less to borrow in, like the greenback or the yen. However, a decline in rates, although generally supportive of export growth, may reduce incentive to hold the Aussie.

AUD/CAD, 1 Minute Chart

RBA_Cuts_Rate_to_3.25_Percent_China_Eurozone_Woes_Key_Drivers_body_Picture_1.png, RBA Cuts Rate to 3.25 Percent, China, Eurozone Woes Key Drivers

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