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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Mixed
Wall Street
Mixed
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
Mixed
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • 🇯🇵 Balance of Trade (MAY) Actual: ¥-187.1B Expected: ¥-91.2B Previous: ¥253.1B https://www.dailyfx.com/economic-calendar#2021-06-15
  • 🇯🇵 Machinery Orders YoY (APR) Actual: 6.5% Expected: 8% Previous: -2% https://www.dailyfx.com/economic-calendar#2021-06-15
  • Heads Up:🇨🇭 US-Russia Meeting due at 00:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-06-16
  • Heads Up:🇯🇵 Balance of Trade (MAY) due at 23:50 GMT (15min) Expected: ¥-91.2B Previous: ¥255.3B https://www.dailyfx.com/economic-calendar#2021-06-15
  • Heads Up:🇯🇵 Machinery Orders YoY (APR) due at 23:50 GMT (15min) Expected: 8% Previous: -2% https://www.dailyfx.com/economic-calendar#2021-06-15
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here: https://t.co/mfwJ0sZLTs https://t.co/cRN0o4UY39
  • 6 out of 9 Dow Jones sectors ended lower, with70% of the index’s constituents closing in the red. Energy (+2.16%) and materials (+0.39%) outperformed, whereas communication services (-0.94%) and information technology (-0.74%) trailed behind. https://t.co/TbG00AI7Nx
  • US Dollar Outlook: USD Volatility to Rise with Fed Decision Due -via @DailyFX Link to Analysis: https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2021/06/15/us-dollar-outlook-usd-volatility-to-rise-with-fed-decision-due.html $DXY #FOMC #Forex https://t.co/ibLirXLpBI
  • The US Dollar continues to see varied performance against ASEAN currencies. USD/SGD is consolidating. USD/THB may bounce. USD/IDR and USD/PHP could continue lower.Get your market update from @ddubrovskyFX here:https://t.co/Ccvcy93t5X https://t.co/ccBTxJG4gJ
  • With the FOMC decision dead ahead, the $SKEW 'tail risk' indicator has pushed to the highest reading on record (back to 1989). Overtook the previous Aug 2018 peak. Here it is overlaid on $SPX https://t.co/s0SNSwqdw8
AUD Tumbles on Retail Sales Ahead of RBA, Eyes Stocks and Fed

AUD Tumbles on Retail Sales Ahead of RBA, Eyes Stocks and Fed

Megha Torpunuri,

TALKING POINTS – AUD/USD, RETAIL SALES, TRADE WARS, RBA, FEDERAL RESERVE

  • Australian Dollar fell against the greenback after retail sales data missed expectations
  • AUD/USD prices break January 2019 uptrend, bringing key levels 0.7161-0.234 into play
  • RBA rate decision, APAC equities’ performances, and December’s US CPI in the spotlight

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

The Australian Dollar declined against its US counterpart after a local economic data crossed the wires early into Tuesday’s Asia Pacific trading session. Retail sales excluding inflation for the fourth quarter clocked in at 0.1%, down from both the forecasted 0.5% and previous 0.2%. The gauge measuring month-over-month fared similarly, declining 0.4%, a sharp downtick from the estimate of 0.0% and prior 0.5%.

AUD/USD Chart (15-minute)

Please add a description for the image.

Chart prepared in TradingView

The sharp fall in AUD/USD prices has caused the currency pair to invalidate a rising trend line from January 2019, breaching support levels last seen in May and December 2016 at approximately 0.7161-0.7234. A break below this could indicate further losses and a reversal in recent bullish momentum, but may not occur against the backdrop of an increasingly dovish Federal Reserve and underwhelming US data.

AUD/USD Chart (Daily)

Please add a description for the image.

Chart prepared in TradingView

Looking ahead, the currency pair will closely eye the upcoming Reserve Bank of Australia monetary policy decision. The central bank is widely expected to hold rates steady, but may shift its stance to neutral following threats of a slowdown in global economic growth and the ongoing US-China trade war. However, gains in APAC equities later on in today’s trading session may cause the risk-on unit to pare its losses. AUD/USD will also look to forward guidance from Fed Chair Jerome Powell’s speech, in addition to January’s US inflation data 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.

DISCLOSURES