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.



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
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
  • WTI crude oil prices (WTI) lost 4.7% so far this week. Demand concerns and a rising US Dollar sent crude oil prices lower on Thursday. Cloudy economic recovery prospects weighed on sentiment, despite falling US crude inventories.
  • Based on recent price action in the US Dollar, might... $USDSGD $USDMYR $USDPHP $USDIDR heading higher next? Check out my latest #ASEAN technical update here -
  • Wall Street Futures Update: Dow Jones (-0.393%) S&P 500 (-0.418%) Nasdaq 100 (-0.653%) [delayed] -BBG
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here:
  • Markets attempted pull risk trends out of their dive this past session, but sentiment (via $SPX) ultimately returned to its bearish course. Meanwhile, $EURUSD is consistent with its reversal. My video for today:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.57%, while traders in EUR/GBP are at opposite extremes with 64.76%. See the summary chart below and full details and charts on DailyFX:
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.11% 🇪🇺EUR: -0.02% 🇯🇵JPY: -0.06% 🇨🇦CAD: -0.08% 🇳🇿NZD: -0.22% 🇦🇺AUD: -0.33% View the performance of all markets via
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.15% US 500: 0.12% FTSE 100: -0.94% Germany 30: -1.00% France 40: -1.04% View the performance of all markets via
  • The US Dollar, British Pound, and Euro will all be closely watching key geopolitical developments in North America (Powell testimony), the UK (Brexit talks) and Europe (EU summit). Get your market update from @ZabelinDimitri here:
  • RT @stlouisfed: The current recession has in many ways been more extreme than the Great Depression, yet the economy is projected to recover…
AUD Spikes On Trade Balance, Italy and EM May Cause Reversal

AUD Spikes On Trade Balance, Italy and EM May Cause Reversal

2018-10-04 02:00:00
Megha Torpunuri,


  • AUD/USDspikes on better-than-expected August trade balance, higher exports
  • Dominant downtrend remains intact, 2018-low eyed near the 0.7085 figure
  • Italy’s budget issues, EM weaknesses, and declining equities may extend losses

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

The Australian Dollar weakened against its US counterpart as local economic data crossed the wires during Thursday’s Asia Pacific trading session. Exports in August increased, causing last month’s trade balance to clock in at A$1604m, exceeding both economists’ forecasts of A$1450m and July’s A$1551m. The increase in Australian exports may be attributed to the weakening of the local currency, intensified by the Reserve Bank of Australia’s decision to maintain its record low 1.50% OCR.

AUD/USD Chart (5-minute)

AUD Spikes On Trade Balance, Italy and EM May Cause Reversal

Chart prepared in TradingView

However, the slight uptick in AUD/USD prices is unlikely to continue, as their dominant downtrend remains intact. Interest rate differentials, weakening Australian economic activity, and the US Dollar’s haven status have caused the Aussie Dollar to suffer against the greenback for the majority of this year. Despite an inverse Head and Shoulders bullish reversal, the currency pair recently broke through key December 2016 support levels near the 0.716-0.719 range. Currently, Aussie Dollar is eyeing the 2018-low of 0.7085, reached last month on September 11. Traders might look for invalidation of the descending trend channel and a bounce above the 2018-low before considering a potential bullish approach.

AUD/USD Chart (Daily)

AUD Spikes On Trade Balance, Italy and EM May Cause Reversal

Looking ahead, the Australian Dollar may carve new lows for this year as the pro-risk unit will closely eye market mood. Recently, risk aversion took center stage due to Italian budget issues with the European Union that caused declines in major European stock indexes. Emerging markets’ weaknesses may also amount to losses in the Aussie Dollar in the long run. As for economic data, AUD/USD could potentially be impacted by the release of September’s change in non-farm payrolls and unemployment rate.

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.