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 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:
  • #Gold prices put in a major breakout last month and, so far, buyers have held the line. But a really big Fed meeting is on the calendar for this week. Can Gold bulls hold? Get your market update from @JStanleyFX here:
AUD/USD Rises on Mixed Economic Data, Eyes US and China GDP Next

AUD/USD Rises on Mixed Economic Data, Eyes US and China GDP Next

Megha Torpunuri,


  • AUD/USD slightly rallied following the release of mixed employment data
  • Dominantdowntrend remains as December 2016 support may turn into resistance
  • Risk trends, Chinese and US Gross Domestic Product figures in focus next

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

    The Australian Dollar cautiously gained against its US namesake after local labor market data crossed the wires early into Thursday’s Asia Pacific trading session. Although September’s unemployment rate decreased to 5.0% from both economists’ forecasts and the prior 5.3%, the labor force participation rate declined to 65.4% from the 65.7% previous and estimated. In addition, the Australian economy added 5.6k jobs last month, a sharp drop from the forecasted 15.0k and prior 44.0k. A gauge of business confidence also declined in the third quarter.

    AUD/USD Chart (5-minute)

    AUD/USD Rises on Mixed Economic Data, Eyes US and China GDP Next

    Looking past the slight uptick, AUD/USD has been engaged in a dominant downtrend for the majority of this year due to shifting interest rate differentials and global risk aversion. Despite a recent rally, the currency pair recently set the 2018-low of 0.7085 last month, breaking through December 2016 support levels in the 0.719-0.719 range. These may turn into resistance for the future if the descending trend line continues to hold. On the other hand, a bullish reversal may be indicated by invalidation of this trend.

    AUD/USD Chart (Daily)

    AUD/USD Rises on Mixed Economic Data, Eyes US and China GDP Next

    Looking ahead, the Australian Dollar may carve new 2018 lows as the sentiment-linked unit will closely eye risk trends. Broad-based market aversion and declines in global equities could point to further losses for the Aussie. In addition, AUD/USD will also be closely eyeing the releases of 3Q Chinese GDP this Friday and annualized US growth figures for the third quarter next week.

    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.