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.

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
Mixed
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
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
Mixed
GBP/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
USD/JPY
Bullish
More View more
Real Time News
  • Nasdaq 100 Hits All-Time High, Hang Seng and ASX 200 May Follow https://www.dailyfx.com/forex/market_alert/2021/06/15/Nasdaq-100-Hits-All-Time-High-Hang-Seng-and-ASX-200-May-Follow-.html https://t.co/Wqldw4aXNC
  • RT @FxWestwater: Hello traders! The Weekly Commodities Trading Prep webinar will be pushed 24 hours to Wednesday 2:00 GMT/10:00 pm EST. Joi…
  • Natural gas spot prices have been on the rise, recapturing a key trendline, following the EIA’s Short-Term Energy Outlook. Where can prices head from here? Find out from @FxWestwater here:https://t.co/yK48nZD1ag https://t.co/rRT4oBDnrK
  • Even in quiet market conditions, you can always find some activity #Philippine stock index (PSEi) up about 13.5% from late May low Expectations of easing lockdowns in the Manila capital region have been a fundamental driver Falling Wedge breakout facing the 61.8% Fib at 6916 https://t.co/VPtB78GRvl
  • USD/JPY IG Client Sentiment: Our data shows traders are now net-short USD/JPY for the first time since Jun 04, 2021 when USD/JPY traded near 109.52. A contrarian view of crowd sentiment points to USD/JPY strength. https://www.dailyfx.com/sentiment https://t.co/KPOyPWpuDn
  • Interesting tone update from the Bank of Indonesia ahead of this week's rate decision The CB said yesterday that it sees Rupiah weakening as 'still reasonable' But. it will maintain measures to stabilize the exchange rate See my tech update here - https://t.co/vu89Lt0boZ
  • The US Dollar continues to see varied performance against ASEAN currencies. USD/SGD is consolidating. USD/THB may bounce. USD/IDR and USD/PHP could continue lower.Get your market update from @ddubrovskyFX here:https://t.co/Ccvcy93t5X https://t.co/cejykWrenF
  • RT @FxWestwater: $AUDUSD Eyes RBA Minutes After Iron Ore Rally Fails to Lift Aussie Dollar Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/06/14/AUDUSD-Eyes-RBA-Minutes-After-Iron-Ore-Rally-Fails-to-Lift-Aussie-Dollar.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/AlQ6…
  • The Dow Jones, Nasdaq 100 and S&P 500 await much needed insight from the Federal Reserve on the central bank’s planned policy path given recent economic data releases. Get your market update from @PeterHanksFX here:https://t.co/bZso3WxyC6 https://t.co/d4YJ8jbGok
  • GBP/USD Eyes Trend Support as US Dollar Awaits Fed Dot Plot -via @DailyFX Link to Analysis: https://www.dailyfx.com/forex/market_alert/2021/06/14/gbp-usd-eyes-trend-support-as-us-dollar-awaits-fed-dot-plot.html $GBPUSD #Forex #Trading https://t.co/1BkZ4x0uCG
Australian Dollar Little Changed as Chinese CPI Hits a 6 Month Low

Australian Dollar Little Changed as Chinese CPI Hits a 6 Month Low

Daniel Dubrovsky, Strategist

Talking Points:

  • AUDUSD little changed after round of Chinese inflation data
  • CPI (YoY) fell to a 6 month low 1.3% in October, PPI holds at -5.9%
  • Soft inflation report offers limited speculation of fresh China stimulus, but little risk appetite so far

Macroeconomic events affect currency valuations. Stay updated with major releases on our calendar

The Australian Dollar offered a stifled response to the round of October Chinese inflation figures that crossed the wires Tuesday morning. The consumer price index (CPI) came in at a 1.3 percent year-over-year increase in October compared to the 1.5 percent pace estimated by economists. This is the lowest CPI reading in six months. At the same time, Chinese producer price index figures (PPI) maintained their pace of a 5.9 percent year-over-year contraction through the month of October.

A lackluster response from the Aussie may be in part due to limited implications for the Reserve Bank of Australia and its monetary policy stance. A similar restraint was noted from the currency following the Chinese trade report.As Currency Strategist Ilya Spivak pointed out, a round of mildly-softer Chinese CPI figures would do little to stoke PBOC stimulus expansion bets. China is Australia’s largest trading partner. As such, signs of decreased demand from the world’s second largest economy can have a negative spillover effect on Australia’s economy. Such implications may cause the RBA to act by decreasing interest rates.

With the RBA expected to cut rates at least once over the next 12 months, today’s round of soft Chinese inflation figures appeared to fall short of the spillover high-water mark. Like the AUDUSD, Australian 2-year government bond yields showed almost no reaction.

Later this week Australia will release October’s employment data. The central bank’s data-dependent monetary policy stance underpins key data like these labor statistics.As Currency Strategist Ilya Spivak mentioned, disappointing data out of Australia emboldens bets for RBA rate cuts which in-turn bodes ill for the Aussie.

See how retail traders are positioning in the majors in your charts using the FXCM SSI snapshot

Australian Dollar Little Changed as Chinese CPI Hits a 6 Month Low

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

DISCLOSURES