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
Oil - US Crude
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
More View more
Real Time News
  • Canadian #Dollar Outlook: $USDCAD Five Weeks Down, Five Month Low - https://t.co/O1op1wYcdT https://t.co/GaYTjFmjtc
  • White House Economic Advisor Larry Kudlow: -Data suggests economy only needs 'targeted money' -Thinks economy is entering a 'self-sustaining recovery' -Trump 'completely opposes' bailing out states $USD $TNX $SPX
  • FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since Jul 20, 2020 when FTSE 100 traded near 6,264.90. A contrarian view of crowd sentiment points to FTSE 100 strength. https://www.dailyfx.com/sentiment https://t.co/iX4wB4HOah
  • Fed's Rosengren says the #Fed has been clear that negative interest rates are unlikely to be used
  • Back from vacation and back on schedule Going live for today's stock market webinar in 10 minutes - https://t.co/rmwDABTiN2 https://t.co/oC3Igu2muT
  • I've seen three more headlines today suggesting that there is significant money still on the sidelined despite the climb in markets. Is the assumption that some small tech milestone or new headline would excite investors to pay record amounts to get into a stretched market?
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.57% 🇪🇺EUR: 0.41% 🇨🇦CAD: 0.40% 🇳🇿NZD: 0.14% 🇬🇧GBP: -0.16% 🇯🇵JPY: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/3mZjwCXcwc
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 2.39% France 40: 1.37% US 500: 1.29% Germany 30: 1.14% Wall Street: 0.97% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/3rljxp4YdZ
  • Heads Up:🇺🇸 Fed Kaplan Speech due at 15:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-08-12
Australian Dollar Keeps Climbing As Chinese House Prices Do Too

Australian Dollar Keeps Climbing As Chinese House Prices Do Too

2017-02-22 02:44:00
David Cottle, Analyst

Talking Points:

  • China’s house prices continued to rise in January, but the pace slowed
  • However, regional hotspots are still very clear to see
  • The Australian Dollar gained after the data, but perhaps not because of it

The Australian Dollar rose following Wednesday’s release of Chinese house price data, but they may not have been behind its pep.

Beijing’s efforts to cool its housing market may be bearing modest fruit according to the numbers. While house prices continued to rise across the country in January, the pace of gains seems to be slowing.

All-China new home prices rose 0.2% on the month, according to official figures. That was slower than December’s 0.3% gain. Prices were up 12.2% compared with January 2016, again lower than December’s 12.4% rise.

However, regional hot spots clearly remain. Prices in Shanghai rose 23.8% on-year in January. That was below December’s 26.5% rise but still a chunky gain. In Beijing prices were up 24.7%. Existing-home prices rose in Beijing but fell in Shanghai. The average existing home price in the capital is still 34.6% higher than it was a year back.

This picture of more modest, all-country gains masking some very strong regional markets is not a new one for China. The authorities have taken measures to cool hot spots in the past and the latest data suggest that more of the same may be needed.

That said, home prices increased last month in the fewest cities for a year.

The Australian Dollar often acts as a liquid China proxy in the foreign exchange market. It may have done so after the data. AUD/USD certainly put in a modest rise, getting up to 0.76936 from 0.76799 before it. However, the pair seemed to have based at 0.76670 well before the numbers and had been rising into the release, so the link between the China data and the currency may not be clear.

Already Gaining: AUD/USD

Australian Dollar Keeps Climbing As Chinese House Prices Do Too

Chart Compiled Using TradingView

The Aussie had already been lifted I the Asian session by Reserve Bank of Australia Governor Philip Lowe. Speaking in Sydney he doubted that more reductions in Australia’s record-low interest rate would be sensible.

Would you like to know more about financial-market trading? The DailyFX webinars could be just what you are looking for.

--- Written by David Cottle, DailyFX Research

Contact and follow David on Twitter: @DavidCottleFX

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


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.