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
Oil - US Crude
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
More View more
Real Time News
  • Forex sentiment analysis can be a useful tool to help traders understand and act on price behavior. Learn how to get the most out of understanding trader sentiment here: https://t.co/rJznrXkcYz https://t.co/OG6fzgyFAD
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.03% 🇨🇦CAD: -0.03% 🇪🇺EUR: -0.07% 🇬🇧GBP: -0.09% 🇦🇺AUD: -0.09% 🇳🇿NZD: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/DebOdcQabP
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.31% FTSE 100: -0.51% Germany 30: -0.69% US 500: -0.75% France 40: -0.76% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/iUg2nPVyUQ
  • Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here: https://t.co/eILWbFgHRE https://t.co/3slfUlBMvq
  • The Swiss Franc’s technical stance against the New Zealand Dollar and Japanese Yen has brightened, with the technical outlook in NZD/CHF and CHF/JPY primed to benefit CHF. Get your market update from @FxWestwater here:https://t.co/u4GY00QpgC https://t.co/WyAsQcl1Ra
  • 🇸🇬 Unemployment Rate Prel (Q2) Actual: 2.7% Previous: 2.9% https://www.dailyfx.com/economic-calendar#2021-07-30
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.25% Gold: 0.03% Oil - US Crude: -0.52% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/bgDO7ntMjQ
  • The Citi Economic Surprise Index tracking the US just turned negative for the first time since June 2020 This means economists are now overestimating the health and vigor of the economy, opening the door to disappointment ahead This does note bode well for NFPs next week...
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.00% 🇨🇭CHF: -0.04% 🇪🇺EUR: -0.05% 🇦🇺AUD: -0.09% 🇨🇦CAD: -0.13% 🇳🇿NZD: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/yZQPhHsvEr
  • Heads Up:🇸🇬 Unemployment Rate Prel (Q2) due at 02:30 GMT (15min) Previous: 2.9% https://www.dailyfx.com/economic-calendar#2021-07-30
AUD/USD Jumps Following the Release of Retail Sales, Trade Balance

AUD/USD Jumps Following the Release of Retail Sales, Trade Balance

Dimitri Zabelin, Analyst

TALKING POINTS – AUD/USD, TRADE BALANCE, RETAIL SALES

  • Aussie rejoices after trade balance, retail sales data is published
  • Better-than-expected data sent AUDUSD through the roof
  • Following pessimistic RBA, question is can the jump be sustained?

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

AUDUSD spiked over 0.60 percent after Australian economic data crossed the wires and caught traders off-guard with better-than-expected results. Month-on-month retail sales came in at 0.8%, beating the 0.3% forecast with the country’s trade balance reporting a A$4801m surplus, beating the A$3700 forecast and holding the rank of the largest one-month surplus in the country’s history.

AUDUSD – Daily Chart

Chart Showing AUDUSD

This follows yesterday’s release of the RBA interest rate decision that sent the Aussie violently swinging at both ends of the candle before trading lower. The central bank cautioned against slower global growth and domestic weakness in household consumption against the backdrop of the havoc wreaked by the US-China trade conflict. However, recent headlines have revealed the two are making progress.

Looking ahead, tomorrow Chinese Vice Premier Liu He will be arriving with a delegation in Washington to continue the trade talks between Treasury Secretary Steve Mnuchin and Trade Representative Robert Lighthizer. President Donald Trump and his Chinese counterpart Xi Jinping are expected to meet this spring to finalize a trade agreement and end the economic conflict.

However, a conclusion to the trade war may not lift broader market sentiment as fears of a global slowdown begin to dominate headlines and weigh on sentiment-linked assets like the Australian Dollar. In fact, ending the US-China trade conflict may also open the door to a revival of EU-US trade tensions, potentially dampening the outlook for growth and increasing the probability that the RBA shifts to a more dovish approach to policy.

FX 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