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
  • 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:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • RT @FxWestwater: Japanese Yen Forecast: JPY Crosses Eye BoJ, CPI as Haven Flows Bolster Yen Strength Link: https:/…
  • 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:
AUD/USD Ignores RBA in Favor of Risk Trends, Losses May Resume

AUD/USD Ignores RBA in Favor of Risk Trends, Losses May Resume

Megha Torpunuri,


  • Australian Dollar gained slightly against the greenback as the RBA left OCR at 1.50%
  • AUD/USD prices testing February 2018 descending trend line, bearish reversal ahead?
  • Risk aversion, Australia 3Q GDP, and November US employment data in focus next

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

The Australian Dollar was cautiously higher against its US namesake after the Reserve Bank of Australia maintained its overnight cash rate at 1.50%, as expected. The central bank noted that its unchanged policy is consistent with meeting its two percent inflation target over time, as well as sustainable growth. The monetary policy authority also stated that it sees a pick-up in global core inflation and that low rates continue to support the Australian economy.

AUD/USD Chart (5-minute)

AUD/USD Ignores RBA in Favor of Risk Trends, Losses May Resume

Chart prepared in TradingView

The slight uptick in prices may continue AUD/USD’s recent rally on news of a US-China trade truce. An invalidation of the descending February 2018 trend line may serve as further confirmation to traders. However, negative RSI divergence indicates that positive momentum may be ebbing, while interest rate differentials and slowing Australian growth could signal a resumption of the dominant year-long downtrend.

AUD/USD Chart (Daily)

AUD/USD Ignores RBA in Favor of Risk Trends, Losses May Resume

Chart prepared in TradingView

Looking ahead, the sentiment-linked unit will continue to closely eye risk trends. AUD/USD may face losses as risk aversion takes center stage in the wake of an inverted Treasury yield curve and a dip in 10-year bond yields below the 200-day moving average. In addition, the Aussie will also be closely eyeing the release of the year-on-year local 3Q GDP figure, which is expected to decrease to 3.3% from the 3.4% prior. November’s US unemployment rate and change in non-farm payrolls may also bring volatility for the currency pair.

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.