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.



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
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
Wall Street
More View more

BoE Chief Econimist (Hawk) is to Step Down From BoE After June Meeting

Real Time News
  • US 30yr Treasury auction: - Draw 2.320%, WI 2.338% (prev. 2.295%) - Bid/Cover Ratio: 2.47 (prev. 2.28) 30yr yields tightened to an intraday low following the auction.
  • #Gold Price Forecast: Gold Drifts Towards Range Extremes– $XAUUSD Levels -
  • - Sees inflation slightly exceeding 2% target this year - Don't expect inflation to be running out of control - The Fed has the tools to deal with unwanted higher inflation
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.42%, while traders in Germany 30 are at opposite extremes with 75.32%. See the summary chart below and full details and charts on DailyFX:
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 2.20% Oil - US Crude: 0.88% Gold: 0.69% View the performance of all markets via
  • Among the exceptions, Bitcoin continues to power ahead and IG client sentiment data are sending a bearish signal on GBP/JPY. Get your $GBPJPY market update from @MartinSEssex here:
  • - Supply shortages could limit GDP upside - Expecting consumer-price pressures this year - Long-term disinflationary forces should modulate prices
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.27% 🇯🇵JPY: 0.20% 🇨🇦CAD: 0.20% 🇨🇭CHF: 0.15% 🇦🇺AUD: 0.15% 🇬🇧GBP: 0.00% View the performance of all markets via
  • Fed's Barkin: - Hopeful that US is on brink of completing recovery - Expecting "really strong" spring and summer - Real-time indicators suggests US is "in midst of boom" #Fed $USD
  • Fed's Harker: - No reason to withdraw support yet, recovery remains in early stages - Good reason to expect recovery in 2021 - US GDP should grow 5-6% this year - Expecting unemployment rate to continue to decline #Fed $USD
Australian Dollar Jumps as China PMI Data Tops Expectations

Australian Dollar Jumps as China PMI Data Tops Expectations

Ilya Spivak, Head Strategist, APAC


  • Australian Dollar, ASX 200 add to gains on upbeat China PMI data
  • Manufacturing-sector growth registers at the strongest in 20 months
  • Follow-through might be tepid as markets brace for US jobs report

Where will markets end 2019? See our Q4 forecasts for currencies, commodities and stock indexes!

The Australian Dollar jumped higher alongside the local ASX 200 stocks index as Caixin PMI data put Chinese manufacturing growth at a 20-month high. The index rose to 51.7 in October from 51.4 in the prior month, marking the fourth consecutive acceleration. Economists were penciling in a slowdown to 51.0 ahead of the release.

The rise added to gains already underway at the start of Friday’s trading session. The move higher is probably corrective following losses yesterday as worries about absent progress on US-China trade negotiations resurfaced. The East Asian giant is Australia’s largest trading partner, making economic conditions there a critical input for its own economic fortunes and that of its headline assets.

Australian Dollar vs US Dollar price chart - 5min

5min AUD/USD chart created with TradingView

The report revealed that new orders grew at the fastest pace since January 2013, supported by a pickup in export demand. Business confidence among the respondents polled about their outlook for the coming 12 months rose to the highest since April. Nevertheless, the survey cautioned that sentimentremained subdued in the context of historical data.”

Encouraging though that is – especially in the context of ongoing trade war – immediate follow-through might prove to be lackluster. Traders may be reluctant to commit one way or another as they await the release of October’s US labor market statistics. A steep drop in job creation is expected alongside a rise in the unemployment rate. That may cool any nascent optimism about an upturn in global growth.


--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, use the comments section below or @IlyaSpivak on Twitter

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