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
  • 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:
  • Stocks appear to be in a corrective phase but could get put to the test; levels and lines to watch in the days ahead. Get your weekly equities forecast from @PaulRobinsonFX here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Further your forex knowledge and gain insights from our expert analysts on AUD with our free guide, available today:
AUDUSD Falls on Soft GDP, USDCAD at 2-Month Highs  - US Market Open

AUDUSD Falls on Soft GDP, USDCAD at 2-Month Highs - US Market Open

Justin McQueen, Strategist


AUD: The Aussie had been delivered a fresh blow after the Q4 GDP missed analyst estimates (0.2% vs. Exp. 0.3%, Y/Y 2.3% vs. Exp. 2.5%), which makes the RBA’s 3% 2019 growth forecast look increasingly optimistic. Consequently, the softer figure prompted money markets to bring forward expectations of a rate cut (fully priced by October). In turn, AUDUSD tripped through 0.7050, while AUDNZD edged towards the Jan 3rd flash crash low at 1.0354. Although, following yesterday’s commentary from RBA Governor Lowe that the labour market is the central ingredient to boost consumption, eyes will be on the upcoming labour market reports, in particular the unemployment rate.

CAD: Ahead of today’s BoC decision, CAD continues to weaken across the board with USDCAD eying psychological resistance at 1.34. The shift in sentiment towards the Loonie has largely been due to the soft GDP data last week, with many speculating that this could alter the BoC’s stance. However, as a reminder, the BoC had already noted in the Jan MPR that growth was likely to deteriorate in Q418 and Q119, as such, the recent GDP report may not be enough to lead to a shift in language, given that inflation continues to hover around the central banks target. Although, if indeed there is a shift, USDCAD could see a move towards the top-end of 1.34. For CAD technical levels, click here

TRY: The Turkish Lira had briefly strengthened following the rate decision, after the CBRT had reaffirmed their independence, having maintain their tightening stance in order to bring down inflation. However, with focus on the economic outlook for Turkey, the initial TRY strength had quickly reversed before moving lower, on the view that the central bank could face increasing calls to ease policy, given that current tight conditions continue to dampen growth, as indicated by the recent Q4 GDP report, which showed a contraction of 2.7%. Next up for TRY watchers, will be on the upcoming local elections.

Please add a description for the image.

Source: Thomson Reuters

DailyFX Economic Calendar: – North American Releases

AUDUSD Falls on Soft GDP, USDCAD at 2-Month Highs  - US Market Open

IG Client Sentiment

Please add a description for the image.

How to use IG Client Sentiment to Improve Your Trading


  1. CAD Technical Analysis Overview: USDCAD, EURCAD, CADJPY” by Justin McQueen, Market Analyst
  2. Gold Price Sell-Off Slows Ahead of US Data Releases” by Nick Cawley, Market Analyst
  3. Technical Analysis for US & UK Crude Oil, Gold Price, Dow Jones & More” by Paul Robinson, Market Analyst
  4. OECD Cuts Global Economic Growth Forecasts Again” by Martin Essex, MSTA , Analyst and Editor
  5. Using FX To Effectively Trade Global Market Themes at IG” by Tyler Yell, CMT , Forex Trading Instructor

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at

Follow Justin on Twitter @JMcQueenFX

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