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.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Bullish
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
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
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
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • Macro data from around the world have long attested to the urgent need for a trade settlement between the US and China. Increasingly the corporate numbers are saying the same. Get your market update from @DavidCottleFX here:https://t.co/Qon7QUO80c https://t.co/rCOG78QQ2M
  • #Gold prices may fall while the US Dollar gains even as economic policies championed by the Trump administration invite inflation. Get your market update from @IlyaSpivak here: https://t.co/4lHhHsby56 $XAUUSD https://t.co/JmZxckVHdS
  • Cable (GBP/USD) remains just off its seven-month high print around 1.3165 as traders start to move to the side lines ahead of next Thursday’s General Election vote. Get your $GBPUSD market update from @nickcawley1 here: https://t.co/CpCh13J9ZH #Brexit https://t.co/PIh6WUqbsK
  • (Weekly Technical Outlook) GBP/USD, EUR/GBP, GBP/JPY, GBP/CAD Outlook as UK Election Looms $GBPUSD $EURGBP $GBPJPY #UKelection2019 - https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2019/12/07/GBPUSD-EURGBP-GBPJPY-GBPCAD-Outlook-as-UK-Election-Looms.html?CHID=9&QPID=917702 https://t.co/iuILHYczJ7
  • Why do you require consistency in trading and why does it matter? Find out: https://t.co/WlEFlluGfZ #tradingstyle https://t.co/TkMtJQKatx
  • By issuing debt denominated in $USD, China is making a long-term bet that it will be cheaper to pay back its loans over time in the US Dollar; it believes the value of the US Dollar will fall. Get your market update from @CVecchioFX here:https://t.co/5GO9UrvO4y https://t.co/xV9urXXf48
  • What are some risk trading management techniques? Find out: https://t.co/RShdlDz9RA #tradingstyle https://t.co/M3ASPIHAep
  • #Dow Jones stages impressive recovery on a firm NFP report. #FTSE 100 eyes UK general election. Get your equities technical analysis from @JMcQueenFX here: https://t.co/o28UcG6N3l https://t.co/SwGAaFCFND
  • Why do you require consistency in trading and why does it matter? Find out: https://t.co/f4y1FOOZnM #tradingstyle https://t.co/x5HgYopWc5
  • The USD may rise if the FOMC re-affirms its data-dependent approach and cools 2020 rate cut bets. US retail sales and CPI data may also give the Fed impetus to hold rates. Get your $USD market update from @ZabelinDimitri here: https://t.co/XnDITaDOox https://t.co/A480uVMqF2
Australian Dollar Steady After Worst Wage Growth Print on Record

Australian Dollar Steady After Worst Wage Growth Print on Record

2016-02-24 02:49:00
Bradley A. Kearns,
Share:

Talking Points:

  • Aussie Dollar steady after lowest Wage Price Index print on record
  • Wage inflation of 2.2% in 4Q vs 2.3% forecast and 2.3% in 3Q
  • Currency’s tepid reaction may indicate limited impact on markets’ deflated RBA outlook

See how retail traders are positioned in the Australian Dollar with the DailyFX SSI.

The AUD/USD exchange rate was sedate Wednesday morning despite Australia reporting particularly weak fourth quarter economic data. The quarterly Wage Price index grew 0.5 percent, more restrained than forecast and prior reading of 0.6 percent. The year-on-year gauge ticked further down to a 2.2 percent growth pace from the estimate and third quarter figure of 2.3 percent. This was the lowest reading on record.

Released at the same time, Australia’s construction industry had also soured the economic outlook with its 4Q update. According to the release, the once-booming sector reported its steepest contraction since December 2000 with a slump of -3.6 percent – more intense than the -2 percent pace of decline expected and the revised prior of -1.8 percent.

Despite implication to economic activity and monetary policy, the Australian Dollar was little moved by the data. The currency’s restrained reaction may be due to traders’ speculation that the data will not significantly alter the RBA already-sedate monetary policy stance. According to overnight index swaps, the financial markets are pricing in a 6 percent chance the central bank will cut interest rates at its March 1st meeting.

AUSTRALIAN WAGE PRICE INDEX & CONSTRUCTION WORK DONE

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

DISCLOSURES

News & Analysis at your fingertips.