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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Wall Street
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
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • GBP/USD’s consolidation could end soon if price breaks out of a symmetrical triangle in play since July. At this time, a downside breakout is likely following the appearance of a death cross. Get your weekly $GBP forecast from @DColmanFX here:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • The Federal Reserve rate decision is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Get your weekly gold forecast from @DavidJSong here:
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • RT @FxWestwater: Japanese Yen Forecast: JPY Crosses Eye BoJ, CPI as Haven Flows Bolster Yen Strength Link: https:/…
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
Asia AM Digest: Aussie Dollar Response to China CPI May Not Last

Asia AM Digest: Aussie Dollar Response to China CPI May Not Last

DailyFX Research,

Get the Asia AM Digest every day before Tokyo equity markets opensign up here!

The New Zealand Dollar was a standout performer in yesterday’s session, scoring late-day gains following an unexpectedly upbeat RBNZ monetary policy announcement. The central bank kept the target cash rate unchanged as expected but hinted that a hike may arrive sooner than previously thought.

The US Dollar struggled amid lingering uncertainty about the fate of tax cut legislation, which markets expect might boost inflation and force the Fed into a steeper tightening cycle if it is passed. The yields-sensitive Aussie Dollar – often a favored carry alternative to the greenback – duly traded higher.

The British Pound was weakest on the day as turmoil within the beleaguered administration of Prime Minister Theresa May continued to swell. International Development Secretary Priti Patel resigned after an “unauthorized” meeting with Israeli officials drew ire. This follows the exit of defense secretary Michael Fallon in the wake of impropriety accusations.

DailyFX Economic Calendar: Asia Pacific (all times in GMT)

Asia AM Digest: Aussie Dollar Response to China CPI May Not Last

October’s Chinese CPI data headlines the economic calendar in Asia Pacific hours. The headline year-on-year inflation rate is expected to rise to 1.7 percent after a dip to 1.6 percent in the prior month. A significant deviation form expectations may generate a response from the Aussie Dollar, the markets frequent proxy for trading developments in the world’s second-largest economy. Lasting follow-through may be too much to ask for however considering the currency remains anchored by standstill at the RBA.

DailyFX Webinar CalendarCLICK HERE to register

Asia AM Digest: Aussie Dollar Response to China CPI May Not Last

IG Client Sentiment Index Chart of the Day: EUR/USD

Asia AM Digest: Aussie Dollar Response to China CPI May Not Last

CLICK HERE to learn more about the IG Client Sentiment Index

Retail trader data shows 39.9% of traders are net-long EUR/USD, with the ratio of traders short to long at 1.51 to 1. The number of traders net-long is 6.7% higher than yesterday and 21.3% higher from last week, while the number of traders net-short is 1.9% lower than yesterday and 8.2% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/USD prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current EUR/USD price trend may soon reverse lower despite the fact traders remain net-short.

Five Things Traders are Reading

  1. Japanese Yen Falls as Nikkei 225 Gains Overshadow Export Growth by Daniel Dubrovsky, DailyFX Research
  2. NZ Dollar Gains as RBNZ Sees Raising Rates Sooner Than Before by Daniel Dubrovsky, DailyFX Research
  3. Bitcoin Surges then Sinks as ’Segwit2x’ Fork is Called Off by Christopher Vecchio CFA, Sr. Currency Strategist
  4. Crude Oil Prices Reach Highest Level Since July 2015 - How Much Farther? by Jeremy Wagner, CEWA-M
  5. EUR/JPY Technical Analysis: Bigger Picture Breakdown Potential by James Stanley, Currency Strategist

To get the Asia AM Digest every day before the Tokyo cash equity open, sign up here

To get the US AM Digest every day before the US cash equity open, sign up here

To get both reports daily, sign up here

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