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
Oil - US Crude
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
  • We are within 48 hours of the FOMC rate decision and markets are clearly paying attention. The Dow is struggling while the SPX has edged a fresh record. Meanwhile, the Dollar is a deer in the headlines. I discuss what to expect for Tuesday trade:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.26% Gold: -0.23% Silver: -0.73% View the performance of all markets via
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.00% 🇨🇦CAD: -0.03% 🇨🇭CHF: -0.04% 🇬🇧GBP: -0.06% 🇳🇿NZD: -0.08% 🇦🇺AUD: -0.18% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in EUR/CHF are long at 75.00%, while traders in France 40 are at opposite extremes with 79.57%. See the summary chart below and full details and charts on DailyFX:
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • Heads Up:🇦🇺 RBA Meeting Minutes due at 01:30 GMT (15min)
  • Nasdaq 100 Hits All-Time High, Hang Seng and ASX 200 May Follow
  • RT @FxWestwater: Hello traders! The Weekly Commodities Trading Prep webinar will be pushed 24 hours to Wednesday 2:00 GMT/10:00 pm EST. Joi…
  • Natural gas spot prices have been on the rise, recapturing a key trendline, following the EIA’s Short-Term Energy Outlook. Where can prices head from here? Find out from @FxWestwater here:
Australian Dollar Slides As RBA's Lowe Says Prepared To Ease Policy Further

Australian Dollar Slides As RBA's Lowe Says Prepared To Ease Policy Further

David Cottle, Analyst

Australian Dollar, RBA Governor Lowe Speech, Talking Points:

  • Mr. Lowe kept the prospect of lower interest rates very much alive
  • The market can hardly have expected otherwise, however
  • He conceded again that it will take time for inflation to rise

Join our analysts for live, interactive coverage of all major economic data at the DailyFX Webinars. We’d love to have you along.

The Australian Dollar wilted Thursday as Reserve Bank of Australia Governor Philip Lowe said that lower rates could be coming if needed.

Speaking in Canberra on ‘Inflation Targeting and Economic Welfare’ Lowe said it was ‘reasonable to expect and extended period of low interest rates,’ and that it will be some time before inflation is comfortably back within the central bank’s 2-3% target range.

Lowe also said as seems mandatory that the Australian economy’s foundations remained strong in his view. Overall it seems there was very little in this speech to account for AUDUSD’s sharp retreat. Following this month’s reduction in the Offical Cash Rate to a new record low of 1%, there has been some guessing in markets as to how soon another cut might come, but there was very little dissent from the view that at least one more would be coming.

It’s possible that Lowe’s words have kept alive the prospect of a relatively near-term reduction. At any rate, the Australian Dollar market seems to have taken them as extremely dovish.

Australian Dollar Vs US Dollar, 5-Minute Chart

The Australian Dollar has perhaps counterintuitively risen over the last six weeks or so against its US rival despite the fact that the RBA has made the first back-to-back monthly interest rate cuts since 2012.

Among the reasons behind its strength have been increased perceptions that US interest rates will be heading lower too, perhaps as soon as the end of this month. Then there are iron ore prices, which have risen sharply this year and continue to do so as supply glitches around the world lend support. This crucial industrial raw material is Australia’s principle commodity export and of course offshore customers need Aussie Dollars to pay for it.

However, it is notable that AUD/USD has once again failed to break out of its dominant downtrend, which suggests that the Aussie’s utter lack of monetary support is once again beginning to drag on it.

Australian Dollar Vs US Dollar, Daily Chart

Australian interest rate futures pricing suggests suspicions that the record low, 1% OCR will be heading lower by the end of this year.

Resources for Traders

Whether you’re new to trading or an old hand DailyFX has plenty of resources to help you. There’s our trading sentiment indicator which shows you live how IG clients are positioned right now. We also hold educational and analytical webinars and offer trading guides, with one specifically aimed at those new to foreign exchange markets. There’s also a Bitcoin guide. Be sure to make the most of them all. They were written by our seasoned trading experts and they’re all free.

--- Written by David Cottle, DailyFX Research

Follow David on Twitter@DavidCottleFX or use the Comments section below to get in touch!

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