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
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
  • BoJ and PBoC extend currency swap arrangement - BoJ
  • Bundesbank says inflation to continue rising for the time being before gradually declining next year Full-year growth likely to be significantly below its June forecast for 3.7%
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.32% Germany 30: 0.16% US 500: 0.08% Wall Street: -0.00% France 40: -0.19% View the performance of all markets via
  • Futures have their own set of characteristics and appeal to different types of traders and investors for a variety of reasons. Get your free trading guide and learn to trade the markets with futures here. Download your guide today!
  • Bank of Spain Governor De Cos says recent developments anticipate a significant downward economic outlook revision for 2021
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here:
  • 🇩🇪 Ifo Business Climate (OCT) Actual: 97.7 Expected: 97.9 Previous: 98.8
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.03%, while traders in AUD/JPY are at opposite extremes with 79.26%. See the summary chart below and full details and charts on DailyFX:
  • Heads Up:🇩🇪 Ifo Business Climate (OCT) due at 08:00 GMT (15min) Expected: 97.9 Previous: 98.8
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.72% Silver: 0.44% Gold: 0.34% View the performance of all markets via
AUDUSD Topside Limited as RBA Raises Risk of Near-term Rate Cut

AUDUSD Topside Limited as RBA Raises Risk of Near-term Rate Cut

Justin McQueen, Strategist

AUD Analysis and Talking Points

  • RBA Rate Decision Review
  • Markets Price in Near-term cut
  • Speculator Remain Bearish on AUD

DailyFX Q1 2019 Trading Forecasts for AUD

RBA Rate Decision Review

Overnight, the RBA kept interest rates unchanged at 1.50%, however, the Australian Dollar dipped in reaction to the more cautious statement. The central bank had implied a more flexible approach to monetary policy having highlighted that they will “continue to monitor developments and set monetary policy to support sustainable growth”. In regard to growth the RBA noted that GDP painted a soft picture, however, they remain optimistic over the labour. As such, Aussie jobs data remains key as to whether the central bank would provide a stronger dovish tone.

  • Australian Jobs Report to be released on April 18th

In the near-term AUDUSD topside looks to be somewhat limited with $3.7bln worth of vanilla options rolling off at 0.71 throughout the week, while the 50 and 100DMAs reside at 0.7118 and 0.7150 respectively. Key support remains situated at the psychological 0.70 handle.

Markets Continue to Price in Near-term cut

Given the continued challenges faced by Australia with inflation remaining support and growth deteriorating. Markets have continued to bring forward expectations of a rate cut with a 25bps cut fully priced in by August. However, for this to become realised, a pick-up in the unemployment rate would have to take place, alongside the continued weakness in growth.

AUDUSD Topside Limited as RBA Raises Risk of Near-term Rate Cut

Speculator Remain Bearish on AUD

Since the beginning of the year bearish bets on the Aussie have almost doubled with net shorts valued at $3.8bln, according to CFTC data. Much of the negative sentiment towards the Aussie has stemmed from the increasingly softer domestic outlook with the RBA providing a more cautious outlook.

AUDUSD Topside Limited as RBA Raises Risk of Near-term Rate CutAUDUSD Topside Limited as RBA Raises Risk of Near-term Rate Cut


--- 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.