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
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
Wall Street
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
Gold
Bullish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Breaking news

Fed Financial Stability Report: Asset Prices May Be Vulnerable if Risk Appetite Falls

Real Time News
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.98% 🇨🇭CHF: 0.60% 🇦🇺AUD: 0.49% 🇳🇿NZD: 0.26% 🇯🇵JPY: 0.11% 🇬🇧GBP: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/4u2cNfSmLn
  • RT @BrendanFaganFx: Federal Reserve Hints at Potential Declines in Asset Prices, Calls for Hedge Fund Transparency #Fed #FederalReserve #F…
  • Both EUR/JPY and EUR/USD are hovering near multi-year downtrend downtrends, while EUR/GBP may still have more room to the topside. Get your $EUR market update from @CVecchioFX here:https://t.co/2SYCKwz8hz https://t.co/tj6UQUDzRL
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 3.18% Gold: 1.61% Oil - US Crude: 0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/mo9LS3teJl
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 86.18%, while traders in Wall Street are at opposite extremes with 78.09%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/F4HwBZ2LvK
  • Fed says the markets are at vulnerable to dropping if risk appetite falls. To any normal person that is obvious. From the central bank that is a passive aggressively projecting a concern
  • Fed's Brainard: - Potential hedge fund threats need further transparency - Archegos demonstrates the limit of visibility on hedge fund risk
  • Fed Financial Stability Report: - In late 2020, major banks' credit lines to non-bank financial institutions rose, reaching new high of $1.6 trillion by year's end
  • Fed Financial Stability Report: - Broad range of asset prices could be vulnerable to large & sudden declines - Household debt is moderate relative to income
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.62% France 40: 0.57% FTSE 100: 0.40% Wall Street: 0.00% US 500: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/afTqsdPKzv
Australian Dollar Ticks Down Along With Caixin China PMI Data

Australian Dollar Ticks Down Along With Caixin China PMI Data

Daniel Dubrovsky, Strategist

Talking Points:

  • Australian Dollar fell as multiple Caixin PMI measurements showed growth slowing down
  • Services and composite PMIs declined to their lowest readings since September 2016
  • A meeting of US and China’s Presidents complicate things for the risk-sensitive Aussie

Have a question about trading the markets? Join a Q&A webinar and ask it live!

The Australian Dollar ticked lower against its major counterparts following the release of the Caixin PMI readings. Note that a report above 50 indicates expansion while a reading below 50 points to a contraction.

The private sector composite measurement clocked in at 52.1 in March compared to 52.6 in February. Meanwhile, the services reading dropped to 52.1 from 52.6 prior. This marks a third month in a row that the services PMI recording declined from the 2016 high of 53.4 in December. Both of these figures fell to their lowest levels since September 2016, a 6-month low.

Since China is Australia’s largest trading partner, economic news-flow from the former country often implies knock-on effects on the latter, triggering a response from the currency. The descent in the PMI measurements also does not bode well for China’s aspiration to become a more consumption-based economy like its G10 brethren.

Looking ahead, President Donald Trump’s meeting with China’s counterpart Xi Jinping today stands to be one of the more relevant risks for sentiment. As Senior Currency Strategist Ilya Spivak mentioned, worries about escalating tensions between the world’s top two economies may weigh on market-wide risk appetite. One of the more sensitive currencies to such noise can be the relatively higher-yielding Australian Dollar.

Australian Dollar Ticks Down Along With Caixin China PMI Data

Chat created in TradingView

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

DISCLOSURES