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.



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
Wall Street
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
More View more
Real Time News
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • 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:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • The Japanese Yen is eyeing the upcoming Bank of Japan rate decision and CPI figures, but JPY crosses will likely remain dependent on broader market sentiment. Get your weekly $JPY forecast from @FxWestwater here:
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here:
  • Crude and Brent oil are on track to extend higher as Gulf Coast supply disruptions and a positive OPEC report bolster sentiment. Uranium is on a massive surge, aided by the famous Wall Street Bets group. Get your market update from @FxWestwater here:
  • RT @michaeljburry: Read thread.
  • The Australian Dollar has retraced from August lows when looking at AUD/JPY and AUD/CAD. However, the AUD/NZD downtrend is intact, will a reversal there appear as well? Find out:
  • The S&P 500, Dow Jones and DAX 30 could be at risk of falling as retail traders continue increasing their upside exposure in these indices. What are the key technical levels to watch for? Find out from @ddubrovskyFX here:
  • The US Dollar continues to hold its ground against most ASEAN currencies as recent downtrends lose momentum. What is the road ahead for USD/SGD, USD/THB, USD/PHP and USD/IDR? Find out from @ddubrovskyFX here:
Australian Dollar Climbs as Jobs Data Dents RBA Rate Cut Bets

Australian Dollar Climbs as Jobs Data Dents RBA Rate Cut Bets

Daniel Dubrovsky, Strategist

Talking Points:

  • Australian Dollar gained more than 1.1 percent versus the US Dollar
  • Unemployment rate 6.0 percent in May versus 6.2 percent expected
  • Australia gained 42,000 jobs in May versus 15,000 expected

The Australian Dollar climbed as much as 1.1 percent versus its US counterpart after May’s employment data topped estimates. Economists were expecting the country to add 15K jobs in the month of May; actual figures topped estimates at 42K jobs added. Most of the jobs gained came from the part-time figures (+27.3K). Australia added 14.7K full-time jobs in May. In addition, the unemployment rate decreased to 6.0 percent from 6.2 percent in April marking its lowest level in one year. The participation rate remained unchanged at 64.7 percent.

Last week the Reserve Bank of Australia maintained a neutral monetary policy stance that is dependent on incoming economic data. While April’s figures were revised lower overall, today’s upbeat employment report did not seem to encourage speculation on a near term RBA rate cut. Indeed, Australian front-end government bond yields moved sharply higher in the aftermath of today’s release, suggesting the move higher in the Aussie was driven by an improving RBA policy outlook.

Australian Dollar Climbs as Jobs Data Dents RBA Rate Cut Bets

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