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.

Free Trading Guides
EUR/USD
Bearish
Oil - US Crude
Bearish
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
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
Bearish
GBP/USD
Bearish
USD/JPY
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
More View more
Real Time News
  • Bank of Korea🇰🇷 - Central bank to actively buy government bonds if needed - Considering various steps to stabilize bond markets (BBG) #coronavirus
  • Bank of Korea says US-China tension would be a downside risk to Korea - BBG Learn more about the impact of geopolitics on financial markets from @ZabelinDimitri - https://www.dailyfx.com/authors/Dimitri_Zabelin
  • Bank of Korea says they intend to use tools other than interest rates - BBG #USDKRW #coronavirus
  • EUR/USD has rallied the best part of one big figure so far today and nears important resistance around the 1.1000/1.1020 area. Get your $EURUSD technical analysis from @nickcawley1 here: https://t.co/dJ1UzJSqHR https://t.co/kEe7i3umdh
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.48% Gold: 0.37% Oil - US Crude: -2.88% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ccW8V5Pkko
  • Funny experiment: if you google "split rating" without adding the word "finance" to the end, you just get James McAvoy staring at you intensely.
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.17% 🇦🇺AUD: 0.11% 🇬🇧GBP: 0.08% 🇳🇿NZD: 0.05% 🇨🇭CHF: 0.04% 🇯🇵JPY: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/AcfM8c2HHF
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.01%, while traders in US 500 are at opposite extremes with 76.24%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/fIWcZgb3Ay
  • Emerging market currencies haven’t been treated equally by the effects of global contagion, even if most have suffered to some degree. However withdrawal of investment flows could hit them all. Get your market update from @DavidCottleFX here:https://t.co/QzNoNYgMgP https://t.co/iiNKIWcpix
  • 🇳🇿 ANZ Business Confidence Actual: -41.8 Previous: -66.6 https://www.dailyfx.com/economic-calendar#2020-05-28
Australian Dollar Slightly Lower After RBA Minutes, Gold Losses

Australian Dollar Slightly Lower After RBA Minutes, Gold Losses

2013-04-16 02:04:00
Christopher Almeida,
Share:
Australian_Dollar_Slightly_Lower_After_RBA_Minutes_Gold_Losses_body_rba_minutes_april_2013.png, Australian Dollar Slightly Lower After RBA Minutes, Gold Losses

Created Using Marketscope 2.0

THE TAKEAWAY: After experiencing losses overnight in U.S. trading, the Australian Dollar recovered slightly, then lost ground again as the RBA released the minutes from their April meeting.

The Australian Dollar fell sharply in Asian trade yesterday as Chinese GDP growth came in less than expected. These losses continued throughout the evening in European and then U.S. trading as investors started to lose confidence in the Australian economy that depends largely on trade with China. Losses in gold late in last week continued into this week which saw Australian gold stocks experience large losses, and could have contributed to the so called ‘Aussie’ weakness as traders dumped Australian denominated assets. As Asian trading opened on Tuesday, the currency recovered from below 1.031 to above 1.034 ahead of the RBA minutes being released.

The currency weakened again, as the RBA announced similarly to previous minutes, that the inflation outlook allowed room for rate cuts. Risks on the downside were seen by the Central Bank as being a slowdown in mining investment as well as the high Australian Dollar which meant that the RBA saw the current accommodative policy stance as appropriate. Investors in the Australian currency sold some of their holdings which saw the Aussie hold around 1.033 as the RBA reinforced that the economy was reacting to rate cuts.

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

DISCLOSURES

News & Analysis at your fingertips.