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. See our updated Privacy Policy here.



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
Wall Street
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
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • 🇮🇹 Business Confidence (JUN) Actual: 114.8 Expected: 112 Previous: 110.9
  • 🇮🇹 Consumer Confidence (JUN) Actual: 115.1 Expected: 112 Previous: 110.6
  • Hang Seng Tech Index Attempts to Break key Resistance - #HSTECH chart
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.84%, while traders in GBP/JPY are at opposite extremes with 68.93%. See the summary chart below and full details and charts on DailyFX:
  • Heads Up:🇮🇹 Business Confidence (JUN) due at 08:00 GMT (15min) Expected: 112 Previous: 110.2
  • Heads Up:🇮🇹 Consumer Confidence (JUN) due at 08:00 GMT (15min) Expected: 112 Previous: 110.6
  • Heads Up:🇪🇺 European Council Meeting due at 08:00 GMT (15min)
  • - Will implement macroprudential measures to fight with inflation if needed
  • Turkish Finance Minister - Turkey to grow more than government forecast in 2021, expecting around 20% growth in Q2 - Central Bank stance on price stability is important
Australian Consumer Confidence Declines, AUD/USD Flat

Australian Consumer Confidence Declines, AUD/USD Flat

Jimmy Yang,

THE TAKEAWAY: Australian consumers grow less confident but remain optimistic > RBA rate cut possibility looms > Investors look toward FOMC minutes release > AUD/USD Flat

The Australian Dollar remained flat against the US Dollar as Australian consumer confidence declined 0.1% over last month. The Westpac Consumer Confidence Index printed 102.1 and remained above the sentiment balance mark of 100. The index averages responses to survey questions related to consumer family finances and economic outlook and serves as a benchmark for measuring consumer sentiment.

This data seemed to have relatively little impact on AUD/USD. However, Credit Suisse’s measurement of market priced-in outlook declined 1% after the report, showing investors now expect a 57% chance of a rate cut at the next Reserve Bank of Australia meeting. A reduced rate by the RBA to support economic growth could move the pair lower. The RBA has reduced its rate three times in the last 12 months.

Investors are likely looking towards the release of the Federal Open Market Committee’s June meeting minutes scheduled for tomorrow at 18:00 GMT and Federal Reserve Chairman Bernanke’s speech at 20:10 GMT to derive their expectations on the Fed’s timetable for reductions in quantitative easing. A dovish tone from the Fed could fuel investor risk appetite, pushing the pair higher whereas a hawkish one could lead investors to further unwind carry trades, weighing on AUD/USD.

AUD/USD (5-Minute Chart)

Australian_consumer_confidence_declines_AUDUSD_flat_body_Picture_1.png, Australian Consumer Confidence Declines, AUD/USD Flat

Source: FXCM Marketscope

Jimmy Yang, DailyFX Research Team

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