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
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
Wall Street
Bullish
Gold
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
GBP/USD
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
USD/JPY
Mixed
More View more
Real Time News
  • Dogecoin investors will be looking to Elon Musk and SNL this weekend for any mention of the high-flying crypto $DOGE #Dogecoin https://t.co/vFogrrQecR
  • EU's von der Leyen: It is essential to share vaccines, to distribute vaccines, and invest in increasing vaccine manufacturing capabilities $EUR
  • 🇺🇸 Consumer Credit Change (MAR) Actual: $25.84B Expected: $20B Previous: $27.58B https://www.dailyfx.com/economic-calendar#2021-05-07
  • Heads Up:🇺🇸 Consumer Credit Change (MAR) due at 19:00 GMT (15min) Expected: $20B Previous: $27.58B https://www.dailyfx.com/economic-calendar#2021-05-07
  • Lots were caught off guard by #NFPs (including myself) The data serves a reminder why bad results are not always bad for markets Huge gains for #stocks today, #USD down, #AUD up 2022 #Fed rate hike bets keep sinking, odds down by ~50% since April Still, bond yields recovered https://t.co/lUianbwCmR
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Gold: 0.89% Silver: 0.51% Oil - US Crude: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/EIivWB3Yb1
  • The USD/CAD breakdown is approaching initial support hurdles just lower and we’re looking for possible inflection early in the month. Get your $USDCAD market update from @MBForex here:https://t.co/UMm5aM60gf https://t.co/rgHqmPuL4t
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.29%, while traders in Wall Street are at opposite extremes with 77.77%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/vd31LiB2NA
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 0.62% Wall Street: 0.55% France 40: 0.10% FTSE 100: 0.09% Germany 30: 0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/lxYCeemuH7
  • US 10-year breakeven rates climb to 2.5%, the highest level since 2013 -BBG $TNX $USD $DXY
DailyFX Asia AM Digest: Volatility Incoming with Australian Jobs, Chinese GDP Data Due

DailyFX Asia AM Digest: Volatility Incoming with Australian Jobs, Chinese GDP Data Due

DailyFX Research,

Receive the DailyFX Asia AM Digest in your inbox every day before US equity markets open - signup here

The US Dollar (via DXY Index) failed hold onto its early-session gains on Wednesday, closing lower after a round of US weaker than expected housing data. Hurricanes Harvey and Irma will have had a materially negative impact on Q3’17 GDP, with the Atlanta Fed, New York Fed, and St. Louis Fed all downgrading their Q3 US GDP estimates after Wednesday’s data.

Ahead of the Tokyo open, pairs like USD/CHF and USD/JPY continued to push higher as the US Treasury 2-year yield rose to its highest level of the year, and its highest level since 2008. AUD/USD and NZD/USD were barely changed on Wednesday, and have moved little since Monday’s close.

DailyFX Economic Calendar: Thursday, October 19, 2017 – Asian-Pacific Releases

DailyFX Asia AM Digest: Volatility Incoming with Australian Jobs, Chinese GDP Data Due

The Asian-Pacific calendar remains in focus this week, with Thursday being particularly important in terms of data releases – there are several ‘high’ importance due out in the coming session. With the focus on Australian labor data and Chinese growth data, the Australian Dollar has greater potential for high volatility during Thursday trading.

According to Bloomberg News consensus forecasts, the Australian employment increased by +15.0K in September after gaining+54.2K in August. The report for August was solid, with full time employment increasing by +40.1K over the period; the composition of jobs shifted from to more full time and fewer part time. Additionally, the unemployment rate is expected to hold at 5.6%.

Despite the steadily improved state of the labor market, uneven economic data appears to be a wrinkle in the outlook for the Reserve Bank of Australia, which noted recently that wage pressures aren’t strong enough to provoke a rate hike any time soon. At the start of this week, interest rate expectations (per overnight index swaps) show only a 2.4% chance of a hike by December 2017.

The Chinese economy is forecast to have grown by +6.8% on an annualized basis in Q3’17, essentially the same rate of growth seen during 2016 and 2017 overall. Once again, for 2018, the Chinese government is targeting the economy to grow between +6.5% and +7.0%.

DailyFX Webinar Calendar: Thursday, October 18 and 19, 2017

DailyFX Asia AM Digest: Volatility Incoming with Australian Jobs, Chinese GDP Data DueDailyFX Asia AM Digest: Volatility Incoming with Australian Jobs, Chinese GDP Data Due

IG Client Sentiment Index Chart of the Day: AUDJPY

DailyFX Asia AM Digest: Volatility Incoming with Australian Jobs, Chinese GDP Data Due

Learn more about the IG Client Sentiment Index on the DailyFX Sentiment page

AUDJPY: Retail trader data shows 52.9% of traders are net-long with the ratio of traders long to short at 1.12 to 1. The number of traders net-long is 10.3% higher than yesterday and 33.5% higher from last week, while the number of traders net-short is 4.5% higher than yesterday and 11.4% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUDJPY prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUDJPY-bearish contrarian trading bias.

Five Things Traders are Reading

  1. “GBP/USD Technical Analysis: Clinging to Longer-Term Support Zone” by James Stanley, Currency Strategist
  2. “Crude Oil Price Analysis– Pullback to Offer Opportunity” by Michael Boutros, Currency Strategist
  3. “Long Positions Leave Mixed Trading Bias on Australian Dollar” by Dylan Jusino, DailyFX Research
  4. “Gold Rebound Unravels as Fed Officials Endorse Three Hikes for 2018” by David Song, Currency Analyst
  5. “USD Stretches Towards Resistance: Yen, Aussie to Offer Opportunity” by James Stanley, Currency Strategist

The DailyFX US AM Digest is published every day before the US cash equity open - you can SIGNUP HERE to receive this report in your inbox every day.

The DailyFX Asia AM Digest is published every day before the Tokyo cash equity open - you can SIGNUP HERE to receive that report in your inbox every day.

If you're interested in receiving both reports each day, you can SIGNUP HERE.

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

DISCLOSURES