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.



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
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
  • $USDCHF fell to an intraday low around the 0.9230 level today, hitting a fresh three week low. The pair rose to its highest level since July in early April before turning back downwards amidst increased US Dollar weakness. $USD $CHF
  • $WTI Crude Oil hit its highest point in nearly a week this morning, rising to trade at the 60.00 level for the first time since last Tuesday. Oil has struggled to move higher in April after hitting pandemic highs in early March. $OIL $USO
  • Heads Up:🇬🇧 BoE Tenreyro Speech due at 13:00 GMT (15min)
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.77%, while traders in France 40 are at opposite extremes with 76.94%. See the summary chart below and full details and charts on DailyFX:
  • LIVE NOW: Join Technical Strategist @MBForex for his Weekly Strategy Webinar to review the setups we're tracking into the weekly open!
  • It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different conditions in 2021? Find out from @JohnKicklighter here:
  • The US Dollar is remaining weaker into the new week, with the $DXY currently trading around 92.10. After hitting a multi month high above 93.00 in late March, the Dollar Index has headed lower amidst a pause in the rise in US yields. $USD
  • Weekly Strategy Webinar starting in 15mins on DailyFX!
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.36% 🇯🇵JPY: 0.27% 🇨🇭CHF: 0.07% 🇦🇺AUD: 0.05% 🇪🇺EUR: 0.02% 🇨🇦CAD: -0.11% View the performance of all markets via
  • 🇮🇳 Inflation Rate YoY (MAR) Actual: 5.52% Expected: 5.4% Previous: 5.03%
Australian Dollar Tumbled After Disappointing Jobs Data

Australian Dollar Tumbled After Disappointing Jobs Data

John Kicklighter, Cheng Li,

Talking Points:

- RBA will continue to state that the Australian dollar is overvalued?

- Australia Employment Change came in at 1.1K VS. 10.0K expected

- AUDUSD tumbled from 0.9516 to as low as 0.9465

As one of the more regular market-moving indicators for the Australian dollar, it was little surprise that the currency stumbled after the release of disappointing September jobs figures. AUDUSD dropped from a near one-week high on a 55-point decline on news that Australia both added fewer jobs to total payrolls than expected and the unemployment rate hovered at the 5.7 percent level.

The headline report printed a 1,100 net increase in payrolls for the month which was materially worse than the 10,000 increase expected. This was the short-term shock value portion of the indicator. The depth was measured in the trend of the underlying data. For the jobless rate, the figure matched expectaitons – and was the same to August’s figure after an unfavorable revision – but its relevance is in its proximity to the four-year high set in July (5.8 percent). Meanwhile, the breakdown of the statistics further revealed that full time jobs plunged by 27,900 Australians – the biggest reduction since June 2012. Part-time jobs do not typically carry an economy.

Putting this data into context, the Australian dollar was already showing evidence of losing momentum. The RBA this week repeated that the Aussie currency was overvalued, but the concern of intervention is low. Yet, keeping the central bank from its eventual rate hikes is certainly a hurdle to a currency so fundamentally attached to its carry. On that point, the upcoming US data (3Q GDP and NFPs) will also keep many investors on the sidelines as they are concerned about risk trends.

Here is the full list of data (see past, present and future data in the DailyFX Calendar):

-Employment Change (Oct): 1.1K VS. 10.0K expected, from 3.3K (revised lower from 9.1K)

-Unemployment Rate (Oct): 5.7% VS. 5.7% expected, from 5.7% (revised higher from 5.6%)

-Participation Rate (Oct): 64.8% VS. 64.9% expected, from 64.8% (revised lower from 64.9%)

-Full Time Employment Change (Oct): -27.9K, from -1.8K (revised lower from 5.0K)

-Part Time Employment Change (Oct): 28.9K, from 5.2K (revised higher from 4.1K)

AUDUSD 1-minute Chart: November 7, 2013

Australian_Dollar_Tumbled_After_Disappointing_Jobs_Data_body_Picture_1.png, Australian Dollar Tumbled After Disappointing Jobs Data

What kind of Trading best suits you? Technical or Fundamental? Short-term or Long-term? Take our Trader Survey and find out.

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