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.

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
Mixed
Oil - US Crude
Mixed
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
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.45% Gold: -0.38% Silver: -0.73% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/jE8IZfOEEw
  • IG Client Sentiment Update: Our data shows the vast majority of traders in USD/CHF are long at 75.97%, while traders in France 40 are at opposite extremes with 79.75%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/c6Ej28vCYY
  • Chinese Holdings of US Treasury Securities (USD) Apr: $1.096T (prev $1.100T) Japanese Holdings of US Treasury Securities (USD) Apr: $1.277T (prev $1.240T)
  • June Consumer Sentiment bounces back and rises to 86.4 from 82.9, beating market expectations. Get your market update from @DColmanFX here:https://t.co/0pWQAS10hW https://t.co/Vv52HG7E9K
  • 🇺🇸 Overall Net Capital Flows (APR) Actual: $101.2B Previous: $146.7B https://www.dailyfx.com/economic-calendar#2021-06-15
  • 🇺🇸 Foreign Bond Investment (APR) Actual: $49.6B Previous: $118.9B https://www.dailyfx.com/economic-calendar#2021-06-15
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.24% France 40: 0.17% Germany 30: 0.10% US 500: 0.02% Wall Street: 0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/G1AEMGbvA5
  • archive of today's webinar posted and ready to go - Pre-FOMC $USD setups, scenario planning around $EURUSD $GBPUSD and $USDCAD, $Gold and $Oil towards the end. https://t.co/sF0WsbHhDi
  • The gold monthly opening-range is set just below confluence resistance – breakout to offer guidance. Get your $XAUUSD market update from @MBForex here:https://t.co/19rCMiLlxG https://t.co/HnGBusmOLG
  • Heads Up:🇺🇸 Overall Net Capital Flows (APR) due at 20:00 GMT (15min) Previous: $146.4B https://www.dailyfx.com/economic-calendar#2021-06-15
AUD/USD Ignores RBA Decision in Favor of Equities, Trade War News

AUD/USD Ignores RBA Decision in Favor of Equities, Trade War News

Megha Torpunuri,

TALKING POINTS – AUD/USD, RBA, EQUITIES, TRADE WARS

  • Aussie Dollar gained slightly after RBA maintained 1.50% OCR at October meeting
  • AUD/USD remains in dominant downtrend channel, eyeing Dec 2016 support levels
  • US ISM figures, global equities’ strength, and trade wars in the spotlight next

Build confidence in your own AUD/USD strategy with the help of our free guide!

The Australian Dollar was barely higher against its US namesake as the Reserve Bank of Australia maintained its overnight cash rate at the record low of 1.50% at its October meeting. The monetary authority stated that low interest rates continue to support the local economy, adding that it also sees inflation in 2019 and 2020 to be higher than the current 2%. It also noted that the unchanged policy would be consistent with sustainable economic growth and meeting the CPI target over time.

AUD/USD Chart (5-minute)

AUD/USD Ignores RBA Decision in Favor of Equities, Trade War News

The central bank’s decision to keep the record low OCR was widely expected. Aussie Dollar has suffered against the greenback for the majority of this year, intensified by interest-rate differentials through hawkish moves from the FOMC. AUD/USD breached December 2016 lows near the 0.716 figure, testing 0.70 before engaging in an inverse Head and Shoulders bullish reversal candlestick pattern. Traders should look for confirmation via a break above the descending channel, before considering next moves.

AUD/USD Chart (Daily)

AUD/USD Ignores RBA Decision in Favor of Equities, Trade War News

Looking forward, the Australian Dollar faces the release of August’s trade balance and building approvals data in the next week. AUD/USD may also be impacted by September’s US ISM Non-Manufacturing/Service Composite figures, as well as the local unemployment rate and change in non-farm payrolls. Furthermore, the sentiment-linked Aussie Dollar will closely watch global stocks, as they may potentially slow down to mirror global economic growth. Trade wars will also continue to weigh on the pro-risk unit, which may be influenced by the effects of reciprocal tariffs between the United States and China, as well as the renegotiated NAFTA “USMCA”.

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.

DISCLOSURES