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
Mixed
Oil - US Crude
Mixed
Wall Street
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.02% US 500: 0.02% Germany 30: -0.03% FTSE 100: -0.08% France 40: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/yGpQEAhfhB
  • US Dollar Price Action Setups: EUR/USD, GBP/USD https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/04/19/US-Dollar-USD-Price-Action-Setups-EUR-USD-EURUSD-GBP-USD-GBPUSD.html $USD $EURUSD $GBPUSD https://t.co/Jyr7pfHhdH
  • RT @CGasparino: BREAKING -- @JoeBiden Admin is in the early stages of developing a regulatory approach to the booming crypto biz, sources t…
  • The US Dollar is in correction within the yearly uptrend with the decline now eyeing initial support objectives just lower. Get your $USD technical analysis from @MBForex here:https://t.co/QLdiJa8z7v https://t.co/95rBic2Ke8
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.03% Gold: -0.29% Silver: -0.57% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/nj9OGkvt7a
  • The Dollar ($DXY) has cleared both its 50-day SMA and the midpoint of the 2021 range. What has greater pull: its roll as wayward safe haven (vs inverted $SPX) or the recent fade in returns (US 10yr). The 20-day correlation to both approximately ~0.8, strong https://t.co/1dteHRggua
  • US Dollar Index (DXY) trend from last March picking up steam again. February and January lows up next on radar, could take a few weeks. Get your market update from @PaulRobinsonFX here:https://t.co/KCsZINK3KI https://t.co/3EN4Xrxnjn
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/9j9ojxURdw
  • RT @ChadPergram: Biden now mtg w/bipartisan/bicameral mbrs about infrastructure. Says they're discussing "how to pay for it." Adds they "ho…
  • $WTI #Crude #Oil Price Outlook: Breakout Eyes Resistance- Bulls at Risk - https://t.co/RuNq3bxxaW https://t.co/784dxJq0m7
Australian GDP Figures Readjust RBA Policy Bets

Australian GDP Figures Readjust RBA Policy Bets

Bradley A. Kearns, Nathalie Huynh,

Talking Points:

  • AUD/USD showed a lukewarm response to the positive Australian GDP print
  • Australia’s economy grew 2.5 percent in the third quarter versus the 2.4 percent estimate
  • An increase in front-end yields reflects traders’ speculation that the RBA is less likely to ease near-term

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

The Aussie Dollar offered a tepid move to the upside as third quarter Australian GDP data beat the markets’ consensus forecast of 2.4 percent growth (YoY). The gauge of economic health showed a print of 2.5 percent which was further better than the previous quarter’s revised growth rate of 1.9 percent. The quarter-over-quarter figure surpassed expectations as well with a showing of 0.9 percent as opposed to the 0.8 percent estimate and the 0.3 percent revised previous reading.

The yield on Australia’s two-year government bond increased on the data which may reflect the markets’ speculation that the RBA is less likely to deliver further easing in the imminent future. In the central bank’s policy statement released earlier this week, it noted that interest rate decisions will be contingent on economic news flow. The door for additional accommodative policy was left open if data proved disappointing.

Recent flow of strong domestic data which contribute to the GDP figure led economists to revise their forecasts higher. Yesterday’s net exports of GDP came out at a strong 1.5 percent, exceeding 1.2 percent forecasted and -0.6 percent prior with a lift in both resource and services sectors. This key driver of quarterly growth was widely thought to add around 1.5 percent to GDP.

Components that may potentially drag on future GDP figures include: contractions in domestic demand and private capital, slowdown in public spending and consumption growth. All these data and subsequent GDP formation will be taken into consideration at the next meeting of the Reserve Bank of Australia on February 2nd 2016.

Australian GDP Figures Readjust RBA Policy Bets

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

DISCLOSURES