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
Wall Street
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
More View more
Real Time News
  • What is more concerning than just US equities down or global equities being down is that 'risk' across the board is under serious pressure. The more intense and persistent this trend, the greater the risk it turns self-sustaining https://t.co/KPblFpeaqf
  • It's rare event where the buy-and-hold, long volatility crowd do a victory lap and say their formal 'I knew it'. The $VXX short-term volatility ETF is up sharply on heavy volume. One of my 'early warning' signals https://t.co/5XqfJJTqR3
  • Coinbase will drop its plans to launch its crypto lending program that was under regulatory scrutiny
  • $SPX Daily- Levels Discussed in today's Webinar. . . https://t.co/veixIAiLGT
  • Canadian Dollar Price Forecast: USD/CAD Spikes, Pulls Back - Loonie Levels https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/09/20/Canadian-Dollar-Price-Forecast-USD-CAD-USDCAD-Spikes-Pulls-Back-Loonie-Levels.html $USDCAD https://t.co/x94xr5DiNe
  • Technical Setups: $USD Majors, #Gold, #Oil, $SPX & #Bitcoin ahead of #FOMC (Webinar Archive) - https://t.co/nYxIJk2k8h
  • Airline stocks retracing losses, some already in positive territory, despite the large sell-off in the market. News that the US will overhaul its COVID-19 travel rules and lift some restrictions are good news for the airline industry $JETS $UAL $AAL $ALK
  • The S&P 500 have taken a clear dive to start the week and fear of full risk aversion is gaining traction. DailyFX's @JohnKicklighter discusses what to expect in the markets this week! https://t.co/Mlyp5Tbdax
  • $USD still pulling back from resistance. 93.43 was the Q1 swing high, still playing a role in $DXY support potential around prior res, ~93.20 https://t.co/3TnlEu0yZX https://t.co/ub8o4D8NhW
  • despite the theatrics elsewhere, $Gold has held last week's low through this week's open, at least so far even getting a bump higher. resistance potential 1769-1775 $GC $GLD https://t.co/4mbBa8Yzhu
Australian Dollar Rises After Chinese PMI Beats, RBA on Deck

Australian Dollar Rises After Chinese PMI Beats, RBA on Deck

Varun Jaitly,

Talking Points:

  • CaixinChinese Mfg PMI rose to 51.1 in July, showing second consecutive month of expansion
  • Australian Dollar rose against its major counterparts following the better-than-expected data
  • RBA monetary policy announcement key to gauge the likelihood of continued follow-through

Check out our analysts’ 3Q 2017 market forecast for the Australian Dollar on the DailyFX Trading Guides page

The Australian Dollar extended its gains from Monday following better than expected Chinese Manufacturing PMI data from Caixin. The index rose to 51.1 in July from 50.4 in June, marking a second consecutive month of expansion in the manufacturing sector and the fastest pace of growth since March.

The Aussie continued to rise alongside local bond yields following the data, implying the markets read the outcome as broadly supportive of a more hawkish RBA policy stance. This likely reflects China’s role as Australia’s largest trading partner, accounting for nearly 33 percent of all exports. The majority of this trade is based in manufacturing-linked materials such as coal and iron ore.

The PMI data comes roughly 3 hours prior to the Reserve Bank of Australia’s policy meeting. No change is expected, putting the onus on the accompanying statement for guidance on where Governor Philip Lowe and company will steer in the months ahead. It remains to be seen whether that will complement or countervail the influence of Caixin’s report.

Australian Dollar Rises After Chinese PMI Beats, RBA on Deck

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

DISCLOSURES