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
  • The Australian Dollar remains vulnerable to most of its major counterparts, with AUD/USD and AUD/JPY resuming losses. Did AUD/NZD bottom? AUD/CAD may consolidate. Get your weekly Australian Dollar forecast from @ddubrovskyFX here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • While the meetings of central bankers in the US, Japan and the UK will be front, left and center of traders’ minds this coming week, it would be wise not to ignore next Sunday’s German Federal Election. Get your euro forecast from @MartinSEssex here:
  • Take a closer look visually at the most influential global importers and exporters here:
  • 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:
Australian Dollar Gains on Best Caixin PMI Readings in Years

Australian Dollar Gains on Best Caixin PMI Readings in Years

Daniel Dubrovsky, Strategist

Talking Points:

  • Australian Dollar gains against its major counterparts in early Thursday trade
  • China’s private, Caixin composite and services readings at highest in years
  • AUD/USD continues heading higher, rising support line appears to be holding up

Not sure where to start on your AUD/USD trading strategy? Check out our beginners' guide here.

The Australian Dollar made a sudden u-turn against its major peers, climbing higher following poor performance during the beginning of Thursday’s trading session. What seemed to be the catalyst? December’s Caixin PMI readings. Keep in mind, readings above 50 show expansion while those below mark contraction.

The services index of China’s private sector clocked in at 53.9 from 51.9 in November, this was the fastest pace of expansion since August 2014. Meanwhile, the composite index recorded at 53.0 which was the best outcome since December 2016.

With China being Australia’ largest trading partner, economic news-flow from the former country often implies knock-on effects on the later, triggering a response from the currency. While the RBA seems to be in no rush to raise rates, the markets are pricing in a 70 percent chance that one could be upon us by the end of 2018.

Australian Dollar Gains on Best Caixin PMI Readings in Years

On a daily chart, AUD/USD continues shooting for the stars since bottoming out on December 8th. The pair seems to be supported by a near-term rising trend line that has yet to be broken. This reversal aligned with a more long-term rising trend line that dates back to early 2016.

A continued push puts the 61.8% Fibonacci retracement at 0.7887 in sight followed by the 76.4% level at 0.7978. If Aussie Dollar turns lower and falls below near-term rising support, the 38.2% Fibonacci retracement at 0.7739 will be exposed followed by the 23.6% level at 0.7648.

Australian Dollar Gains on Best Caixin PMI Readings in Years

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