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
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
More View more
Real Time News
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • The British Pound is giving back some of its multi-month gains with some pairs testing notable support despite a positive fundamental backdrop. Get your market update from @nickcawley1 here:
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here:
  • Gold is facing the neckline of a Double Bottom Pattern after bouncing off a confirmed longer-term trendline. Is a bullish reversal in order? Get your market update from @FxWestwater here:
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here:
  • Rollover is the interest paid or earned for holding a currency spot position overnight. Learn how to earn rollover interest on your open positions here:
  • The New Zealand Dollar is in a tricky spot. On one hand, rising stocks can propel NZD. On the other, a dovish RBNZ ahead could cool bond yields as the government tackles soaring housing costs. Get your market update from @ddubrovskyFX here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
Forex News: Chinese Service Industry Slowed, AUD/USD Sold

Forex News: Chinese Service Industry Slowed, AUD/USD Sold

Gary Kerdus,

THE TAKEAWAY: Chinese service industry grew at slower pace in December > Aussie currency may begin to consolidate prior to U.S. Non-Farm Payroll > AUDUSD traded slightly lower on data

The Australian dollar traded slightly lower as the Chinese service industry grew at a slower pace in December. At 1:48 GMT today the HSBC Services PMI for China was released recording 51.7 in December, down from 52.1 in November. A reading above 50 indicates growth.

China is a large consumer of Australian exports and a slowing services industry may foreshadow reduced demand for Australian mined coal and iron ore which could dampen overall economic growth and prompt central bankers to reduce the Aussie currencies’ most attractive feature – yield.

The high yielding currency may begin to consolidate against the greenback prior to the U.S. Non-Farm Payroll data release scheduled for 13:30 GMT later today. Consensus appears to be calling for the U.S. economy to add 150,000 jobs in December.

AUD/USD, 1 Minute Chart

Forex_News_Chinese_Service_Industry_Slowed_AUDUSD_Sold_body_Picture_1.png, Forex News: Chinese Service Industry Slowed, AUD/USD Sold

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