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.



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
Oil - US Crude
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
More View more
Real Time News
  • Wall Street Futures Update: Dow Jones (+0.213%) S&P 500 (+0.175%) Nasdaq Composite (+0.242%) [delayed] -BBG
  • RT @margaretyjy: Watch my Bloomberg TV interview at 9:00AM Singapore time. Coming in soon! https://t.co/Z6u6offept
  • The Core-Perimeter trading model helps traders understand interactions between global economies, helping to trade the assets embedded in these relationships. Get your market update from @ZabelinDimitri here:https://t.co/dKRAo00lfA https://t.co/jw5uvZBvRx
  • Hello there, traders! It has come to my attention that there have been people pretending to be me on Twitter. If you see anyone doing so, please be sure to report them. My Twitter handle is @ZabelinDimitri. Any variation of that is an imposter. Please spread the word.
  • After approximately 100 votes, it seems that a narrow majority of participants to my poll believe Gold ($GC_F) is going to resolve its congestion with a break lower: https://t.co/NTwXu7ZaGF
  • 🇯🇵 Bank Lending YoY (JUN) Actual: 6.2% Expected: 7.2% Previous: 4.8% https://www.dailyfx.com/economic-calendar#2020-07-07
  • Heads Up:🇯🇵 Bank Lending YoY (JUN) due at 23:50 GMT (15min) Expected: 7.2% Previous: 4.8% https://www.dailyfx.com/economic-calendar#2020-07-07
  • The ASX 200 and AUD/JPY are at risk of losses as cases of Covid-19 continue to climb in Victoria, Australia’s second-most populous state. Get your #ASX market update from @DanielGMoss here: https://t.co/O0LNvhy4eY https://t.co/D0gLVmr3Oy
  • Will be discussing the outlook for equities such as the #DowJones and covering the growth-linked Australian and Canadian Dollars. Signup below! #AUDUSD $USDCAD https://t.co/3zrxxRtpEf
  • If you missed yesterday's live coverage of the #RBA rate decision where I discussed the outlook for the Australian Dollar, check out the recording below - https://t.co/KyXcN0ExHg
AUD/USD Higher On CPI But Lower on Chinese Manufacturing Expectations

AUD/USD Higher On CPI But Lower on Chinese Manufacturing Expectations

2013-07-24 02:30:00
Gregory Marks, Jimmy Yang,

THE TAKEAWAY:Australian inflation reported within expectations > AUD gains erased by soft HSBC Chinese manufacturing data > AUD/USD Lower

The Aussie traded higher against the US Dollar after Australian inflation in the second quarter printed virtually in line with expectations, growing 2.4 percent year over year. However, gains were quickly erased as the pair moved lower on soft HSBC flash manufacturing PMI for China. As Australia’s largest trading partner, an economic slowdown in China will likely translate to reduced demands for Australian exports.

Independent data from HSBC is becoming increasingly more important as doubts arise over the accuracy of data released by the Chinese government. For example, although import and export data in early May looked robust year over year, many of China’s major trading partners are reporting different trends in their data. Thus price action in the Australian dollar can represent expectations on current and future growth.

Whether these releases compels the Rerserve Bank of Australia to revise monetray policy remains uncertain. After last week’s Reserve Bank of Australia meeting minutes said the current outlook for inflation may provide “scope for further easing,” these two releases may fuel expectations for the central bank to act in August to encourage economic growth. A rate cut could make the currency less attractive for yield-seeking investors, sending the pair lower. However, Credit Suisse’s overnight index swap expectations for an interest rate reduction declined 11 percent to 54 from yesterday’s 65 percent.

Looking ahead, U.S. data tied to durable goods and labor markets will likely influence investor expectations on Federal Reserve policy. Durable goods data is scheduled for release tomorrow at 12:30 GMT and NFPs are scheduled for release next week.

AUD/USD (5-Minute Chart)

AUDUSD_Higher_On_CPI_But_Lower_on_Chinese_Manufacturing_Expectations___body_Picture_1.png, AUD/USD Higher On CPI But Lower on Chinese Manufacturing Expectations

Source: FXCM Marketscope

New to Forex: http://www.youtube.com/watch?v=Sb-El6sMBtM

Jimmy Yang, DailyFX Research Team

Gregory Marks, DailyFX Research Team

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


News & Analysis at your fingertips.