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
Subscribe
Please try again
EUR/USD
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
Oil - US Crude
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
Wall Street
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
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Forex sentiment analysis can be a useful tool to help traders understand and act on price behavior. Learn how to get the most out of understanding trader sentiment here: https://t.co/rJznrXkcYz https://t.co/FPgZ5gkgrM
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here: https://t.co/8A1QhwMVKo https://t.co/E0KhcKHrOf
  • For some reason an old story has popped up - many apologies.... https://t.co/jHjQxyFRXM
  • The US dollar is unloved, oversold and at lows last seen over 30-months ago. At the moment there seems to be very little reason to buy the greenback. Get your $USD market update from @nickcawley1 here:https://t.co/VY3SLs35cp https://t.co/w5ljByv9cf
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here: https://t.co/lZFM8youtX https://t.co/CpqePQYF4E
  • 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/Rg2YGZCUCr
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here: https://t.co/yOUVEEqhc5 https://t.co/ftrbRkFiJF
  • Human error in the forex market is common and often leads to familiar trading mistakes. These trading mistakes crop up particularly with novice traders on a regular basis. Learn about the top ten trading mistakes and how you can avoid them here: https://t.co/i8E2AXtzF3 https://t.co/Hny2HMYo4I
  • (Weekly Fundamental) Australian Dollar Outlook: Tied to Biden Stimulus Bets, S&P 500, US Dollar, Treasuries $AUDUSD #SP500 #stimulusbill #USD https://www.dailyfx.com/forex/fundamental/forecast/weekly/aud/2021/01/16/Australian-Dollar-Outlook-Tied-to-Biden-Stimulus-Bets-SP-500-US-Dollar-Treasuries.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/H7aus0Aljt
  • The inside bar pattern occurs regularly within financial markets. Incorporating the inside bar strategy can enhance a trader's market analysis. Find out how more here: https://t.co/E3EWOYTYNw https://t.co/7zI3p6UNVs
Australian Dollar, Japanese Yen Look Past Soft Chinese PMI Data

Australian Dollar, Japanese Yen Look Past Soft Chinese PMI Data

2014-03-24 04:13:00
Benjamin Du, Ilya Spivak,

Talking points

  • HSBC ChinaManufacturing PMI 48.1 in March vs. 48.7 Expected
  • Yen Continued to Trade Lower as the Data Failed to Hurt Sentiment
  • Aussie Dollar Spiked Lower But Quickly Recovered After PMI Data

The Australian Dollar spiked briefly lower only to swiftly erase losses against the Japanese Yen after a disappointing set of China manufacturing figures. The HSBC China Manufacturing PMI gauge came in at 48.1 in March compared to a Bloomberg survey estimate of 48.7 and a print at 48.5 in February. The release marks the third consecutive month of contraction in the factory sector.HSBC economist Hongbin Qu said the result “suggests China’s growth momentum continued to slow down, with weakness broadly-based and domestic demand softening further.”

The Aussie’s resilience in the face of disappointing Chinese economic data likely reflects its relatively limited implications for near-term RBA monetary policy expectations. While a slowdown in China may hurt growth in Australia, which counts on the East Asian giant as its largest trading partner, the RBA’s recent preference for “a period of stability in the policy rates” hints this might not translate into easing, and thereby into currency depreciation. For its part, the Yen had been trading lower amid a recovery in risk appetite and continued to do so after the Chinese data crossed the wires.

Australian-Dollar-Japanese-Yen-Look-Past-Soft-Chinese-PMI-Data_body_Picture_7.png, Australian Dollar, Japanese Yen Look Past Soft Chinese PMI Data

AUDJPY (5min chart) – March 23, 2014Created with FXCM Marketscope

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

DISCLOSURES