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
Bullish
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
  • Silver posting a decent session, rising over 1% during trade $XAG $USD https://t.co/3bcmpF908p
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 0.90% Gold: 0.12% Oil - US Crude: 0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/1EMCChMyKN
  • Senate vote was 156 to 140
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in AUD/JPY are at opposite extremes with 67.26%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/9OZ88CUGm1
  • BHP Billiton Q2 copper output 428,100 tons vs Est. 385,000 tons
  • PM Conte survives confidence vote with 154 votes in favour, however, this is short of the absolute majority of 161 votes needed While little reaction in Euro, BTPs will give a signal of sentiment regarding Italian politics at tomorrow's open https://t.co/3CRMwH1GUu
  • The Canadian Dollar has struggled to recapture bullish momentum as FX markets continue to rebalance US Dollar positioning. Get your $USDCAD marketing update from @CVecchioFX here:https://t.co/gyUcAYZRSC https://t.co/DZVFybVVJd
  • 🇺🇸 Overall Net Capital Flows (NOV) Actual: $214.1B Previous: $-11.1B https://www.dailyfx.com/economic-calendar#2021-01-19
  • I do agree their weak EPS might be a knock on their ability to capitalize on the current situation. I suspect many investors will look right past that to highlight the change in net subscribers added which smashed expectations https://t.co/S9fzVqMn4g
  • $NFLX shares jump 8% following corporate earnings https://t.co/j4Kp12jd4P
Australian Dollar Little Changed by a Lackluster Jobs Report

Australian Dollar Little Changed by a Lackluster Jobs Report

Daniel Dubrovsky, Analyst

Talking Points

  • AUD/USD little changed after Australia’s jobs report crossed the wires
  • Economy added 10.8k employees in April versus 12.0k expected
  • DailyFX SSI remains net-long, implying further AUD/USD weakness

Having trouble trading the Australian Dollar? This may be why.

The Australian Dollar showed a tepid response against its major counterparts after Australia's employment report crossed the wires. The data showed10,800 jobs were added in April, which was worse than the 12,000 gain expected. The prior figures were revised lower from a 26,100 position increase to a 25,700gain.

Most of the jobs added were in part-time roles increasing by 20,200 positions. Meanwhile, full-time jobs contracted by 9,300 workers. The unemployment rate beat the 5.8 percent forecast, remaining at 5.7% which is the lowest level since September 2013. The labor force participation fell to 64.8% in April from 64.9% in March, lower than the 64.9% expectations. In other words, fewer people were left without a job, but more people left the labor force all together.

Earlier this week, the Reserve Bank of Australia released the minutes from the May monetary policy announcement. The document revealed that the central bank was close to opting against a cut and decided to proceed somewhat halfheartedly. Overnight index swaps are now pricing in an 11 percent probability that the RBA will cut rates in June, down from 20% last week.

Meanwhile, the DailyFX Speculative Sentiment Index (SSI) is showing a reading of 2.0 following the announcement, meaning that for every trader short the AUD/USD, there are 2.0 on the long side. The SSI is a contrarian indicator, implying further AUD/USD weakness ahead.

Want to learn more about the DailyFX SSI indicator? Click here to watch a tutorial.

Australian Dollar Little Changed by a Lackluster Jobs ReportAustralian Dollar Little Changed by a Lackluster Jobs Report

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

DISCLOSURES