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
Mixed
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
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
GBP/USD
Mixed
USD/JPY
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
More View more
Real Time News
  • AUD/USD hit its highest level since the beginning of January, having rose to a high of 0.7012, eyes now for a move to 0.7020 to offer resistance in the pair. Get your $AUDUSD market update from @JMcQueenFX here: https://t.co/GCNPNSgdc1 https://t.co/qBPoahTWqf
  • Update on #Cryptocurrencies #BITCOIN -0.48% #BITCOINCASH +1.04% #ETHEREUM -0.21% #RIPPLE -0.49% #LITECOIN -0.39%
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.18%, while traders in US 500 are at opposite extremes with 75.10%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/32vkxKLXCI
  • Heads Up:🇷🇺 Inflation Rate YoY due at 17:00 GMT (15min) Expected: 3% Previous: 3.1% https://www.dailyfx.com/economic-calendar#2020-06-05
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 4.53% Gold: -1.95% Silver: -2.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/NYy8Z7mJ6l
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.73% 🇳🇿NZD: 0.68% 🇨🇦CAD: 0.52% 🇪🇺EUR: -0.43% 🇯🇵JPY: -0.50% 🇨🇭CHF: -0.74% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/POghhbQYMl
  • New York virus cases increase 0.3%, matching the prior 7-day average of 0.3% - BBG
  • Hey traders! We are wrapping up the week with #NFP release today. Get your market update from @DailyFX Chief Strategist, @JohnKicklighter 👇 https://t.co/C8BJS9TNLf
  • https://t.co/fxVoqyhlWX
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Wall Street: 3.63% US 500: 2.91% FTSE 100: -0.09% France 40: -0.13% Germany 30: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/zy2JWPvCSe
AUD/USD in Focus as Chinese Delegation Arrives in Washington

AUD/USD in Focus as Chinese Delegation Arrives in Washington

2019-01-30 04:00:00
Dimitri Zabelin, Analyst
Share:

AUD/USD TALKING POINTS – AUD/USD, Liu He, Huawei, Trade Wars

  • AUD/USD in focus as China and US continue negotiations
  • Huawei scandal and arrest of CFO may weigh on the talks
  • Clock is ticking on reaching an agreement before deadline

See our free guide to learn how to use economic news in your trading strategy!

The Australian dollar will be closely monitored this week as the Chinese delegation led by Vice Premier Liu He arrives in Washington. He will be meeting with Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. This comes after a US delegation visited Beijing and attempted to make headway on trade relations.

This is also coming on the heels of the release of Australia’s NAB Business Confidence Survey. The data fell short of expectations and sent the Aussie lower.

Efforts to reach an agreement might be further complicated after the US Department of Justice filed an indictment against Chinese tech giant Huawei after the arrest of its CFO Meng Wanzhou. She was arrested in Canada, and the US has formally requested extradition for her to face criminal charges in the US.

Both countries are facing their own domestic obstacles. The US only recently ended the longest-recorded government shutdown that ended up costing the economy billions of dollars. Economic data coming out of China has signaled that the Chinese economy is slowing with the help of the trade wars weighing on performance. There is also the issue of a rising default on corporate debt.

Against this backdrop, the Australian Dollar may be particularly sensitive, given the intensity of the situation and the approaching March 1 deadline before Trump could impose tariffs up to 25 percent. If talks between Beijing and Washington go poorly, selling pressure is likely to gain momentum.

AUD/USD – One-Hour Chart

Chart Showing AUD/USD on a 3-Hour Chart

AUD/USD TRADING RESOURCES

--- Written by Dimitri Zabelin, Jr Currency Analyst for DailyFX.com

To contact Dimitri, use the comments section below or @ZabelinDimitrion Twitter

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

DISCLOSURES

News & Analysis at your fingertips.