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.

Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
Bullish
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
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
GBP/USD
Mixed
USD/JPY
Bullish
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
More View more
Real Time News
  • Hopes are high for deeper European economic integration as the continent battles back from the coronavirus slowdowns – but will it hold? What impact can this have on #Euro? Find out from @JStanleyFX here: https://t.co/b9ZWRd4cTr https://t.co/gngm5tKqjz
  • The US Dollar could rise against #ASEAN currencies such as the Singapore Dollar as US-China tensions seem to escalate. The Indian Rupee is also looking ahead of local 1Q GDP data.Get your market update from @ddubrovskyFX here:https://t.co/LkEFJViPWY https://t.co/iL7xlHLBiF
  • #Gold has a short-term bullish set-up that may play nicely with USD weakening. The longer and shorter-term path of least resistance remains higher. Get your $XAUUSD technical analysis from @PaulRobinsonFX here:https://t.co/6gt3F9LuGP https://t.co/B4MVrg8f6i
  • The AUD may suffer as relations between Australia and China deteriorate amid dwindling growth prospects. Euro traders will be closely watching progress in talks about a €500b recovery fund proposal. Get your market update from @ZabelinDimitri here: https://t.co/LkEFJViPWY https://t.co/Fo1wlWyz8r
  • The US Dollar is attempting to find direction against the Singapore Dollar, Philippine Peso and Indonesian Rupiah as technical levels hold. The Malaysian Ringgit eyes a key trend line. Get your #ASEAN currencies market update from @ddubrovskyFX here:https://t.co/lcSLkOnJgQ https://t.co/4ofHIpGiTm
  • Trump says he needs to see a strong study on China's actions surrounding virus - BBG
  • The Dollar Index has broken below a multi-week consolidation / the May opening-range lows and keeps the focus lower heading into June. Get your $USD technical analysis from @MBForex here: https://t.co/hkm3nIoyeh https://t.co/SzMeNFyPyp
  • RT @fxmacro: COVIDView: A Weekly Surveillance Summary of U.S. COVID-19 Activity | CDC https://t.co/Gtr0sUoyft
  • RT @globaltimesnews: The #US, rather than #China, will pay a hefty price for imposing sanctions against #HK in the latest broadsides aimed…
  • Could this be the turning point for the #USD? My majors-based #Dollar index is testing key support from April with positive RSI divergence. If sentiment continues improving, that may offer the fundamental scope to continue lower towards March lows https://t.co/vIIvyF8zpU
Top Trade Idea 2019: Short AUD/JPY and Long USD/NOK – Global Growth to Slow and Political Turmoil to Rise

Top Trade Idea 2019: Short AUD/JPY and Long USD/NOK – Global Growth to Slow and Political Turmoil to Rise

2019-01-01 18:00:00
Dimitri Zabelin, Analyst
Share:

In 2018, the two biggest factors leading global risk aversion arguably were the trade wars and Fed tightening. These two themes are likely to continue into 2019.

The Australian Dollar is a sentiment-linked asset. As such, it closely follows the business cycle. Forecasts for global growth in 2019 look grim and this may exert downward pressure on the Aussie while demand for safe haven assets – such as the Japanese Yen – may rise. Additionally, the RBA’s dovish stance may hold while growth remains slow. As a result, the demand for haven assets over riskier ones may drive AUD/JPY down.

Reduced global growth may also hurt the Norwegian Krone that is likely to be negatively affected from slower growth and political turmoil in the EU – Norway’s biggest trading partner. The Fed looks determined to continue raising rates in 2019, and will therefore provide a boost to the greenback and send USD/NOK higher. Norway is also a major exporter of petroleum and faces the risk of lower prices amid forecasted weaker demand in 2019, another factor that may boost the pair.

To see all the of the analysts Top Trade Ideas for 2019 and Top Lessons from 2018, download the guides on the DailyFX Trading Guides Page.

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

DISCLOSURES

News & Analysis at your fingertips.