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
Oil - US Crude
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 ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here:
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:
  • There’s a strong correlation between interest rates and forex trading. Forex is ruled by many variables, but the interest rate of the currency is the fundamental factor that prevails above them all. Learn how interest rates impact currency markets here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • 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:
  • Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here:
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here:
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge:
AUD/USD Rises on Trade War News, Ignores Mixed Employment Data

AUD/USD Rises on Trade War News, Ignores Mixed Employment Data

Megha Torpunuri,

Talking Points:

  • AUD/USD higher on US-China trade war news, despite mixed data
  • Positive follow-through unlikely due to dovish Reserve Bank of Australia
  • Risk sentiment and RBA Governor Lowe’s speech in spotlight next

Just started trading AUD/USD? Check out ourbeginners’ FX markets guide!

The Australian Dollar appreciated against its US counterpart after news broke that the Chinese Vice Commerce Minister would visit the United States in late August for trade talks, mostly ignoring the release of local jobs data early into Thursday’s Asia Pacific trading session. The Australian economy lost 3.9k jobs, a sharp fall from both economists’ forecasts of 15.0k jobs and June’s 50.9k jobs. Meanwhile. July’s participation rate slightly decreased to 65.5% from both previous and expected values of 65.5%. Despite the downtick in the unemployment rate to 5.3%, compared to both prior and estimate reports at 5.4%, the economic data indicates that local economic activity may potentially slow as the labor force has diminished.

AUD/USD 5-Minute Chart

AUD/USD Rises on Trade War News, Ignores Mixed Employment Data

However, the risk-on unit’s upside momentum may lack follow-through due to the lack of lasting influence on the Reserve Bank of Australia’s policy implications. Although local economic data has recently started to outperform economists’ expectations, the Reserve Bank of Australia is unlikely to consider a rate hike soon as it has maintained that the 1.50% OCR is appropriate for sustainable growth and their inflation target. On the other hand, the US Federal Reserve has committed to at least two more rate hikes this year, possibly helping the greenback make gains.

Looking ahead, the sentiment-linked Aussie Dollar will closely eye risk trends. Fears of financial contagion from banks’ exposure to the Turkish Lira seem to have momentarily subsided as Qatar offered financial support to Turkey, helping the S&P 500 find a bottom and causing emerging markets to rally. In addition, trade war developments, especially the upcoming US-China trade talks, will continue to impact market sentiment. Furthermore, forward guidance from RBA Governor Phillip Lowe’s speech later today may cause further moves in the Australian Dollar.

AUD/USD Trading Resources

--- Written by Megha Torpunuri, DailyFX Research Team

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