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
Bullish
Oil - US Crude
Mixed
Wall Street
Mixed
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.42% 🇬🇧GBP: 0.36% 🇨🇭CHF: 0.24% 🇦🇺AUD: 0.20% 🇳🇿NZD: 0.09% 🇯🇵JPY: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Ibyq0gaddd
  • Silver posting a decent session, rising over 1% during trade $XAG $USD https://t.co/3bcmpF908p
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 0.90% Gold: 0.12% Oil - US Crude: 0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/1EMCChMyKN
  • Senate vote was 156 to 140
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in AUD/JPY are at opposite extremes with 67.26%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/9OZ88CUGm1
  • BHP Billiton Q2 copper output 428,100 tons vs Est. 385,000 tons
  • PM Conte survives confidence vote with 154 votes in favour, however, this is short of the absolute majority of 161 votes needed While little reaction in Euro, BTPs will give a signal of sentiment regarding Italian politics at tomorrow's open https://t.co/3CRMwH1GUu
  • The Canadian Dollar has struggled to recapture bullish momentum as FX markets continue to rebalance US Dollar positioning. Get your $USDCAD marketing update from @CVecchioFX here:https://t.co/gyUcAYZRSC https://t.co/DZVFybVVJd
  • 🇺🇸 Overall Net Capital Flows (NOV) Actual: $214.1B Previous: $-11.1B https://www.dailyfx.com/economic-calendar#2021-01-19
  • I do agree their weak EPS might be a knock on their ability to capitalize on the current situation. I suspect many investors will look right past that to highlight the change in net subscribers added which smashed expectations https://t.co/S9fzVqMn4g
FOREX NEWS: Australian Economy Dissapoints, Trouble for the       Aussie?

FOREX NEWS: Australian Economy Dissapoints, Trouble for the Aussie?

Jason Shemtob,

THE TAKEAWAY: Australia’s AiG Performance of Construction Index (Jan) came in lower than expected> The Australian economy continues to struggle, the chance of RBA action increases > AUD Bearish

Australia’s AiG Performance of Construction Index (Jan) came in lower than expected at 36.2 versus estimates of 38.8. The report marks the 32nd consecutive month of contraction within Australia’s construction sector and comes on the heels of Australia’s Retail Sales Report (Dec.), which also disappointed at -0.2% growth versus estimates of 0.3%. The Australian dollar did not show major reaction following the construction data release, but has faced significant downward pressure over the last few days.

As Australia’s economic data continues to disappoint, the probability of the RBA taking action should continue to rise. Following AiG’s Performance of Construction Report, the market greatly increased its estimates of the probability of a rate cut by the RBA, according to Credit Suisse’s Overnight Index Swaps Directory. Based on this Index, the implied chance of a 25BP rate cut by the RBA increased from 2% to 51% after the AiG report. As the liklihood of the RBA pursuing dovish monetary policy grows, investor's fears of AUD depreciation should increase, potentially putting negative pressure on the AUD against its peer currencies. Furthermore, any fall in AUD, could be compounded by a decrease in investor risk sentiment, which may push investors further way from investment currencies.

Heads Up: Forex traders are likely to keep a heads up on Australian employment figures set to come out today at 00:30 GMT.

AUD/USD (5 Day Chart)

FOREX_NEWS_Australian_Economy_Dissapoints_Trouble_for_the__Aussie_body_Picture_1.png, FOREX NEWS: Australian Economy Dissapoints, Trouble for the       Aussie?

(Created Using FXCM’s Marketscope 2.0 charts)

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

DISCLOSURES