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
Bullish
Oil - US Crude
Bearish
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
Gold
Bullish
GBP/USD
Bullish
USD/JPY
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
More View more
Real Time News
  • 🇩🇪 Retail Sales YoY (OCT) Actual: 8.2% Expected: 5.9% Previous: 6.5% https://www.dailyfx.com/economic-calendar#2020-12-02
  • Heads Up:🇩🇪 Retail Sales YoY (OCT) due at 07:00 GMT (15min) Expected: 5.9% Previous: 6.5% https://www.dailyfx.com/economic-calendar#2020-12-02
  • Wall Street Futures Update: Dow Jones (-0.406%) S&P 500 (-0.246%) Nasdaq 100 (-0.122%) [delayed] -BBG
  • Seems there is some surprise on reports (from NYT) that President-Elect Biden will not reverse the Phase One trade deal and tariffs on China. The international mood towards China is particularly cool. Now, relations with Canada and Mexico or the EU over Airbus is another matter
  • The bull flag pattern is a great pattern to add to a forex trader's technical arsenal. Explosive moves are often associated with the bull flag. Learn more about the bull flag pattern here: https://t.co/yOEvLjKnct https://t.co/EyHrHRYZfA
  • IGCS hints that #gold may reverse higher as the #SP500 aims for new highs. Things are looking a little bit more choppy for the growth-linked Australian Dollar. Check out my full report with webinar recording here - https://www.dailyfx.com/forex/technical/article/special_report/2020/12/02/Gold-Price-SP-500-AUDUSD-Forecast-How-Might-Retail-Traders-Behave-Next.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/8ueRCILgdY
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.48%, while traders in EUR/USD are at opposite extremes with 76.40%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/cVNpB5eeUn
  • President-Elect Joe Biden: Says won't immediately remove China phase-one tariffs, want to conduct full review of existing deal -BBG citing NYT
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.06% 🇨🇭CHF: 0.04% 🇪🇺EUR: 0.02% 🇬🇧GBP: -0.04% 🇨🇦CAD: -0.07% 🇯🇵JPY: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/R2Yhd6rNKp
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: US 500: -0.26% France 40: -0.37% Germany 30: -0.41% Wall Street: -0.42% FTSE 100: -0.46% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/hQtLQEWzDp
Australian Dollar Slips a Little After Chinese Data Misses

Australian Dollar Slips a Little After Chinese Data Misses

2017-09-14 02:44:00
David Cottle, Analyst
Share:

Talking Points

  • The Australian Dollar shed a bit of its earlier gains after some Chinese data misses
  • Industrial production was the standout,rising 6% in August against the 6.6% forecast
  • Retail sales figures also missed, but by much less

Trade the major Asia Pacific economic data live and interactive at the DailyFX webinars

The Australian Dollar was preoccupied with a blockbuster employment report from its own country Thursday to pay too much attention to a patchy Chinese August data dump.

Industrial production was the standout loser. It rose by 6% on the year, much below the 6.6% markets had expected. August retail sales rose 10.1% on the year, strong enough but below the 10.5% median forecast. For the year to date they rose by 10.4% however, matching projections. A rise of 7.8% in fixed assets also came up short. The markets had hoped for an 8.2% gain.

That these fairly strong numbers should miss expectations perhaps illustrates how used investors have become to quietly upbeat data out of the world’s number-two economy this year. Whether any of these misses form the start of a trend must of course remain to be seen.

The AUD/USD pair can act as the markets’ liquid China proxy on the strength of Australia’s strong commodity export links with China. Sure enough, it slipped back a little after the China data but it clung to most of its earlier, domestically inspired gains.

Australian Dollar Slips a Little After Chinese Data Misses

Like many currencies, the Australian Dollar has slipped against a generally resurgent greenback this week. However, it remains very close to two-year highs, and that’s a position with which the RBA has repeatedly said it is uncomfortable.

RBA monetary policy member Ian Harper said this week that domestic growth remained too weak for a near term intertest rate rise, presumably despite the economy’s strong job creation which has been a feature for nearly a year. Australian interest rates remain at a 1.50% record low, with no change thought likely by futures markets until the latter half of next year.

--- 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.

DISCLOSURES