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
Bearish
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
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
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • UK Government Official says either outcome is possible on Brexit
  • UK Government Official says if gaps in fisheries and level playing field are bridged, the EU's more constructive attitude will need to be translated into more realistic positions in the days to come
  • Big headline that says the EU has informed the UK that it must commit to some key demands in next week's trade talks if there is progress before the October deadlines. That said, I don't think this is a particularly new refrain between those two. It's the clock that matters
  • RT @Tams707: #USDZAR tests trendline resistance. Potential breakout in play? https://www.dailyfx.com/forex/market_alert/2020/09/25/South-African-Rand-Price-Forecast-USDZAR-Breakout-Potential-Brewing-LiveEdu-TDC.html
  • $USDZAR set up for next week (or two)... Weekly chart - Falling wedge taking on the tone of a bull flag. Confluent resistance that's held highs on Thurs & Friday. If USD rally continues, if EM remains with a question mark - $USDZAR a pretty interesting . Well done, Tammy https://t.co/Xqr64bnXFH https://t.co/BkY75zHgeg
  • I've been putting more focus on EURUSD and AUDUSD recently given the progress they have made, but the Dollar strength makes for an interesting contrast to the Chinese Yuan's own multi-month rally. $USDCNH https://t.co/Xx7f0gtbsl
  • What are some short term risks we are witnessing for the $AUDUSD? Find out from @JMcQueenFX here:https://t.co/BCe4Fi839A https://t.co/f2se4CXzZg
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: -0.07% 🇨🇭CHF: -0.17% 🇯🇵JPY: -0.21% 🇨🇦CAD: -0.30% 🇦🇺AUD: -0.31% 🇪🇺EUR: -0.36% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/yvqPsVHtE8
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: US 500: 0.42% Wall Street: 0.26% FTSE 100: 0.16% France 40: -0.78% Germany 30: -1.24% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/pcZu2bBI1e
  • Ambiguity abounds. The US open finds the $SPX loitering above its 100-day moving average as well as its technical 'correction' (-10% from highs) and below the neckline of its H&S break https://t.co/MlsRVbzkBi
AUD/USD Higher After RBA Minutes Suggest Reluctance For Further Easing

AUD/USD Higher After RBA Minutes Suggest Reluctance For Further Easing

2013-07-16 02:30:00
Jimmy Yang,
Share:

THE TAKEAWAY: RBA July meeting minutes suggest reduced case for further easing > Inflation outlook provides scope for further easing > US data likely movers of the pair > AUD/USD Higher

The Australian Dollar traded higher against the US Dollar after the Reserve Bank of Australia released minutes for its July meeting that seemed to support a reduced case for further easing in August. The Board noted economic activity “continued to grow at below trend pace,” with mining and non-mining investment outlooks uncertain. However, they saw the effects of past interest rate cuts working in a range of indicators — most apparent in the housing market — and believed “this process had further to run.” Their assessments concluded that the current rate was “appropriate for the time being,” but the inflation outlook could still provide scope for further easing.

Indeed, market priced-in expectations declined to 15% from yesterday, showing investors now only expect at 53% chance of an August RBA rate cut.

Investors will likely look toward US data tied to inflation and housing to influence their expectations on Federal Reserve policy. US CPI data is scheduled for release later today at 12:30 GMT, and Housing Starts data is scheduled for tomorrow at 12:30 GMT.

AUD/USD (5-Minute Chart)

RBA_July_Meeting_Minutes_body_Picture_1.png, AUD/USD Higher After RBA Minutes Suggest Reluctance For Further Easing

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