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.

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
Bullish
Wall Street
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
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Mixed
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: https://t.co/Yl9vM7kO6a https://t.co/5UFEsrxPST
  • 🇮🇹 Business Confidence (JUN) Actual: 114.8 Expected: 112 Previous: 110.9 https://www.dailyfx.com/economic-calendar#2021-06-25
  • 🇮🇹 Consumer Confidence (JUN) Actual: 115.1 Expected: 112 Previous: 110.6 https://www.dailyfx.com/economic-calendar#2021-06-25
  • Hang Seng Tech Index Attempts to Break key Resistance - #HSTECH chart https://t.co/zyCoXqgoVz
  • 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: https://www.dailyfx.com/sentiment https://t.co/jaai5GlT9Q
  • Heads Up:🇮🇹 Business Confidence (JUN) due at 08:00 GMT (15min) Expected: 112 Previous: 110.2 https://www.dailyfx.com/economic-calendar#2021-06-25
  • Heads Up:🇮🇹 Consumer Confidence (JUN) due at 08:00 GMT (15min) Expected: 112 Previous: 110.6 https://www.dailyfx.com/economic-calendar#2021-06-25
  • Heads Up:🇪🇺 European Council Meeting due at 08:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-06-25
  • - 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
Aussie Dollar Looks Past Home Loan Data, Rebounds From Intraday Dip

Aussie Dollar Looks Past Home Loan Data, Rebounds From Intraday Dip

Jimmy Yang,

THE TAKEAWAY: Home loan data short of expectation, value of loans grew > Market digesting Federal Reserve policy > AUD/USD Corrects Higher

The Australian Dollar remained relatively flat against the US Dollar after growth in Australian home loans for May fell short of Bloomberg economist expectations. The Home Loan indicator printed 1.8 percent month-over-month from a revised-up 1.2 percent in the previous month. From the same report, investment lending grew 1.5 percent while the value of home loans grew 2.3 percent.

Other data released include marginal growth in credit card spending. Credit card balances reported 49.6 billion Australian dollars while purchases totaled 22.6 billion, up from 49.4 and 21.6 billion respectively.

However, this data did not seem to affect the pair. Rather, at the time of this writing, AUD/USD looks to have corrected higher on improved risk sentiment likely tied to perceptions on Federal Reserve policy.

AUD/USD (5-Minute Chart)

Australian_Dollar_Unchanged_By_Home_Loan_Data_But_Corrects_Higher_From_Intraday_Dip_body_Picture_1.png, Aussie Dollar Looks Past Home Loan Data, Rebounds From Intraday Dip

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