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.

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
Bullish
Wall Street
Bearish
Gold
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
GBP/USD
Bearish
USD/JPY
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
More View more
Real Time News
  • Has Bitcoin Bottomed? PTJ Makes Crypto Bull Case (Again) https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/06/14/has-bitcoin-btc-btcusd-bottomed-ptj-makes-bull-case.html #BTC https://t.co/5AVns1VChh
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.34% Silver: 0.10% Gold: -0.72% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Pd49xggkDe
  • Gold prices put in a major breakout last month, and so far buyers have been able to hold the bullish trend. Get your $XAUUSD market update from @JStanleyFX here:https://t.co/NGRTSfceOW https://t.co/WeYD451eCw
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.23% 🇨🇦CAD: 0.17% 🇪🇺EUR: 0.14% 🇬🇧GBP: 0.03% 🇨🇭CHF: -0.13% 🇯🇵JPY: -0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/18JsQysBpm
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Germany 30: -0.10% France 40: -0.12% FTSE 100: -0.15% US 500: -0.21% Wall Street: -0.62% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/11CO324Vg7
  • May consumer inflation expectations for the medium term climb to 4% from 3.4% in April.Get your market update from @DColmanFX here:https://t.co/Dsa5Sxn0fU https://t.co/oGStoYQ8qq
  • Heads Up:🇧🇷 Business Confidence (JUN) due at 16:00 GMT (15min) Previous: 58.5 https://www.dailyfx.com/economic-calendar#2021-06-14
  • Technical Levels: #Dollar, #Sterling, #Loonie, #Gold, #Bitcoin, #Oil and more! (Webinar Archive) - https://t.co/0ztuS6u8z7
  • Poll: With volatility deflating across the financial system, left to wonder what phase of the market cycle we are in currently. What stage do you think we are in right now? (https://www.dailyfx.com/forex/fundamental/article/special_report/2019/02/05/Market-cycle-phases.html)
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.28% 🇦🇺AUD: 0.20% 🇨🇦CAD: 0.19% 🇬🇧GBP: 0.01% 🇨🇭CHF: -0.11% 🇯🇵JPY: -0.24% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/rKGivnA7az
Australian Dollar Ignores Mixed Chinese Data for ASX 200 Gains

Australian Dollar Ignores Mixed Chinese Data for ASX 200 Gains

Daniel Dubrovsky, Strategist

Talking Points:

  • The Australian Dollar brushes off a mixed Chinese CPI and PPI report
  • Prices rose 1.2% y/y in April versus 1.1% expected and 0.9% in March
  • The sentiment-linked Aussie seemed more interested in ASX 200 gains

What do retail traders’ buy/sell decisions hint about the Australian Dollar trend?Find out here.

The Australian Dollar brushed off a mixed bag of Chinese economic data during early Wednesday’s Asian trading session. Consumer prices rose 1.2% y/y in April versus 1.1% expected and 0.9% in March. This marks a second month of consecutive gains relative to the previous recording. The CPI measurement rose 0.1% on the month versus -0.3% prior.

While consumer prices were better than expected, producer prices rose only 6.4% y/y versus 6.7% forecasted. The wholesale inflation measurement has now fallen for two consecutive months having set an eight-year high in February.

Economic news-flow from China tends to have a knock-on effect on Australia due to their close trading relationship, triggering a response from the currency. Indeed, China is Australia’s largest trading partner. However, the markets appeared to be looking elsewhere.

The Aussie Dollar followed as ASX 200 futures traded higher after gapping down at the market open. The sentiment-linked currency often benefits when stock markets rally and yield-seeking investors are confident in their pursuit of return.

Australian Dollar Ignores Mixed Chinese Data for ASX 200 Gains

Chart created in TradingView

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

DISCLOSURES