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
Mixed
Oil - US Crude
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
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • here we go, webinar starting right now 1) USD Q2 Weakness 2) Gold brewing bullish potential? 3) Stonks through initial earnings outlays https://www.dailyfx.com/webinars/643096611 https://t.co/ZzY8QuoCko
  • The Euro has slipped to an intraday low amidst the German Greens surging to a lead over Merkel's CDU in a new poll. $EUR $USD https://t.co/gfvNseRNvc
  • $USDCAD has strengthened today, rising to a one week high near the 1.2600 level. The Canadian Dollar has suffered amidst a drop in oil prices and extended travel restrictions. $USD $CAD https://t.co/O2z7grrFYi
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/RVkYfiOzPq
  • In line with the general risk-off sentiment, oil prices have come under notable selling pressure with both Brent and WTI crude futures falling 2-2.5%. Get your #crudeoil market update from @JMcQueenFX here:https://t.co/K0zJL8BFj1 https://t.co/wMn3kNFhwC
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Gold: 0.49% Silver: 0.42% Oil - US Crude: -1.41% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/CqYIho6z47
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.08% 🇯🇵JPY: 0.07% 🇪🇺EUR: 0.04% 🇦🇺AUD: -0.17% 🇬🇧GBP: -0.23% 🇨🇦CAD: -0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/GC3sr4bk5B
  • - Recovery in the US is improving - The increase in Covid cases is concerning, but vaccines give optimism for a return to more normal conditions later this year
  • - Fed bond buying is at a pace "unrelated to magnitude of fiscal deficits" - Low Treasury yields show there is strong global demand for stable and liquid investments
  • Fed Chair Powell: - Too low inflation harms American families and businesses - We do not anticipate high inflation, but have the tools to address pressures if they arise #Fed $USD
AUD/USD Reaches Lowest Level Since September 2010

AUD/USD Reaches Lowest Level Since September 2010

Kevin Jin,

The AUDUSD continues its momentous decline as the pair keeps breaking lows. This has occurred amidst a Chinese credit crunch, a decline in the previously booming mining sector due to decreased Chinese demand, and a sharp fall in global commodity prices this year. Just two months ago, the AUDUSD was trading around $1.0300 and now the pair is a tremendous 1200 pips below that level.

AUDUSD 1-hour Chart: June 28, 2013

AUDUSD_Reaches_Lowest_Level_Since_September_2010_body_Picture_1.png, AUD/USD Reaches Lowest Level Since September 2010

Charts Created using Marketscopeprepared by Kevin Jin

The above chart shows the velocity of the decline, which was recently catalyzed by unexpectedly hawkish Fed commentary on June 19. Trading took the pair as low as .9132 around 14:00 GMT before the pair rebounded about 40 pips higher to .9170 where it stands at the time of writing. The Australian fundamentals are certainly worrying and investors will see how the Reserve Bank of Australia (RBA) handles these issues when the RBA meets next Tuesday.

--- Written by Kevin Jin, DailyFX Research

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

DISCLOSURES