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
EUR/USD
Bullish
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
Oil - US Crude
Bullish
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
Bullish
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
GBP/USD
Bullish
USD/JPY
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
More View more
Real Time News
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: FTSE 100: -0.35% Germany 30: -0.38% France 40: -0.39% Wall Street: -1.09% US 500: -1.38% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/ee1csUe04G
  • NASDAQ EXTENDS FALL, LAST DOWN ABOUT 2.1% Damn this Apple Watch is good... where Jay Powell at? https://t.co/8yXsJKehxy
  • France daily Covid cases rises above 13,000, highest since lockdown - BBG
  • GBP falling to fresh sessions lows following UK PM Johnson's warning that the UK is on the verge of having a second wave of Covid-19
  • Dow Jones pivots higher with the S&P 500 and Nasdaq owing to consumer sentiment data. Get your #indices market update from @RichDvorakFX here: https://t.co/MN3YH5WNMV https://t.co/ELJkNhn6LK
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.14%, while traders in NZD/USD are at opposite extremes with 70.68%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/wQSpYPp9wY
  • US equities drop to session lows as Speaker Pelosi states that she is sticking with demands for a $2.2 trillion stimulus bill
  • US #Dollar Outlook: $USD Grinds into Weekly Support – $DXY Levels - https://t.co/Teg9aN8GHQ https://t.co/bdifryFcSD
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Gold: 0.77% Silver: 0.39% Oil - US Crude: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/4rXyUYBYzw
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.36% 🇯🇵JPY: 0.31% 🇪🇺EUR: 0.05% 🇨🇦CAD: -0.11% 🇨🇭CHF: -0.14% 🇬🇧GBP: -0.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/LZ5R3mMJhS
Australia Trade Balance And Retail Sales Positive, AUD/USD Corrects Lower

Australia Trade Balance And Retail Sales Positive, AUD/USD Corrects Lower

2013-07-03 03:30:00
Jimmy Yang,
Share:

THE TAKEAWAY:Australia trade balance beats expectations and retail sales increase MoM > Unlikely to have affected the pair > AUD/USD corrects lower

The Australian Dollar traded lower against the US Dollar as Australian trade and domestic consumption in May showed improvement. Trade balance dramatically improved to A$670m — the highest since December 2011— from a revised A$171M. Furthermore, domestic retail sales increased 0.1% month-over-month compared to a revised -0.1% in April. However, the data is unlikely to have moved the pair. Rather, the pair’s decline seems to be a correction on an earlier intraday surge that found a high at 0.91819.

Economic indicators tied to U.S. outlook could drive the pair lower as investors find direction in risk sentiment. In the coming hours, U.S. employment data at 12:15GMT and service industry data at 14:00GMT are expected to show improvements that could lead investors to unwind more carry trade that favor USD.

At the time of this writing, AUD/USD has fallen to its lowest level since September 2010 after Reserve Bank of Australia Governor Glenn Stevens spoke about the difficulties many sectors of the economy were facing with a high Australian Dollar and the possibility that the currency could move lower.

AUD/USD (5-Minute Chart)

Australia_Trade_Balance_And_Retail_Sales_Positive_AUDUSD_Corrects_Lower_body_Picture_1.png, Australia Trade Balance And Retail Sales Positive, AUD/USD Corrects Lower

Source: FXCM Marketscope

—Jimmy Yang, DailyFX Research Team

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

DISCLOSURES