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
More View more
Real Time News
  • So much for that Evergrande recovery. Shares of the troubled Chinese property developer are down approximately -12% today following yesterday's impressive rally (biggest in a year)
  • Retail trading platform Robinhood announces hire of new Chief Compliance Officer amid regulatory scrutiny
  • There is a ridiculous number of scheduled Fed speeches on the docket next week. Powell specifically will be speaking multiple times including at an ECB hosted forum on central banking (which also has a panel with Fed, ECB, BOE and BOJ heads)
  • USD Ascending Triangle, Bullish for Q4 - #DXY chart on @TradingView
  • Credit rating agency Standard & Poor's is due to give its sovereign credit rating update on Germany today ahead of weekend national elections
  • RT @BIS_org: Since the early 1990s, changes in the #MonetaryPolicy stance have affected a rather narrow set of prices – mostly in the servi…
  • Huawei's CFO Meng Wanzhou reached deal with the US Dept of Justice to return her to China - Dow Jones
  • Cleveland Fed President Loretta Mester says: - sees US GDP in 2022 between 3.75 and 4% - Supports tapering in November and concluding over the first half of 2022 - After liftoff, accommodative policy needed for some time
  • Fed Chairman Jerome Powell doesn't comment on the growth forecast or monetary policy in his introductory remarks
  • Kansas City Fed President Esther George says: - The labor market friction is fading barring a resurgence of virus - A 'normal' economy is likely to remain elusive for some time - Asset buying effects complicate the judging rate change plan
Retail AUD/USD Shorts Outnumber Longs by Most in Over 3 Months

Retail AUD/USD Shorts Outnumber Longs by Most in Over 3 Months

Ilya Spivak, Varun Jaitly,

Talking Points:

  • Retail traders most net-short Aussie Dollar since April 2016
  • 63 percent of traders are short AUD/USD, 37 percent are long
  • SSI has fallen to -1.68 from 1.02 in week after an RBA rate cut

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

Short AUD/USD positions held by retail investors outnumber long trades by the largest margin since April 20, with the Speculative Sentiment Index measuring -1.6884. It is also noteworthy that April 20th was the year-to-date high for AUD/USD. The reading implies that 63 percent of open exposure is on the short side while 37 percent of positions are long.

Long positioning has been trending lower since June 27. This typically has bullish implications. SSI is a contrarian indicator, so increasingly net-short exposure hints AUD/USD may be biased upward.

Retail AUD/USD Shorts Outnumber Longs by Most in Over 3 Months

(Source: Marketscope 2.0)

There have been a number of recent Australian and US developments shaping AUD/USD price action and traders’ sentiment. On August 2, the Reserve Bank of Australia cut interest rates to 1.5 percent, a historically low level. On August 5, July’s US payrolls data beat analyst expectations, with the economy adding 75 thousand more jobs than projected.

AUD/USD faces relatively light event risk this week. RBA Governor Glenn Stevens will be giving a speech on Wednesday at 3:05 GMT. His statements may hint at the Bank’s sentiment towards the recent Australian Dollar price action following the rate cut. For the US, July’s Retail Sales data will be released on Friday, followed by the University of Michigan’s Consumer Confidence report.

Retail AUD/USD Shorts Outnumber Longs by Most in Over 3 Months

(Source: DailyFX Economic Calendar)

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