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.

Free Trading Guides Download
EUR/USD
Bullish
GBP/USD
Bullish
USD/JPY
Bearish
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
Gold
Bearish
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
Bitcoin
Mixed
More View more
Real Time News
  • Japanese Yen May Rise if #COVID19 Triggers a Credit Crisis - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/02/28/Japanese-Yen-May-Rise-if-COVID-19-Triggers-a-Credit-Crisis.html
  • Heads Up:🇬🇧 GBP Nationwide House Px n.s.a. (YoY) (FEB) due at 07:00 GMT (15min), Actual: N/A Expected: 2.3% Previous: 1.9% https://www.dailyfx.com/economic-calendar#2020-02-28
  • #Gold prices are down ~0.6% in the past five days. The S&P 500 is down over 12% over the same period. Does this mean people will **finally** stop assuming it a safe haven? I would't count on it. #SPX500 #Coronavirus
  • Get your stock market basics right - what is the stock market and how does stock trading work? Find out here: https://t.co/JfAJLAtlsY https://t.co/xSuOtB59IZ
  • 👀 #Yen $USDJPY $GBPJPY $AUDJPY $EURJPY https://t.co/XfG7wEx4tM
  • #USDJPY abandons the 109 handle for the first time since February 4. https://t.co/eaK775P8kz
  • OPEC Gen Sec says OPEC and its allies are displaying a 'renewed commitment' to reach an accord that will stabilize global oil markets amid the coronavirus crisis- BBG
  • (Analyst Pick) The New Zealand Dollar may fall versus the Australian Dollar on a more-dovish #RBNZ down the road. “Risk-neutral” $AUDNZD has been maintaining composure as stocks selloff on #coronavirus fears - https://www.dailyfx.com/forex/analyst_picks/todays_picks/daniel_dubrovsky/2020/02/28/New-Zealand-Dollar-May-Fall-as-Australian-Dollar-and-AUDNZD-Rise.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/cejRcXpkrw
  • U.S. locks down army bases in South Korea on coronavirus -BBG
  • RT @LiveSquawk: US Locks Down Korean Army Bases To Guard Against Coronavirus - FT https://t.co/xLaapwYFsn
AUD/USD Bounces Back, GBP/USD Selling Persists - US Market Open

AUD/USD Bounces Back, GBP/USD Selling Persists - US Market Open

2019-12-19 13:35:00
Justin McQueen, Analyst
Share:

MARKET DEVELOPMENT – AUD/USD Bounces Back, GBP/USD Selling Persists

AUD: A welcome and much needed surprise for the RBA following better than expected jobs data overnight. The unemployment rate dropped 0.1ppt to 5.2% against expectations to remain at 5.3%, while the headline rose by 39.9k, above consensus for 14k. Consequently, the Australian Dollar is among the outperformers in the G10 complex with AUDNZD also looking to have found an interim bottom. That said, while this may have given the RBA a little room to breathe, a risk of a February 2020 rate cut remains.

GBP: The Bank of England left the bank rate unchanged as expected with a 7-2 vote split. While the message had been much the same as the November meeting, the BoE seems slightly optimistic, having stated that global growth has begun to show tentative signs of a recovery. However, with regard to the election, the BoE highlighted that it was too early to assess the economic impact and therefore maintain the wait and see stance (full analysis). That said, GBP has shown little signs of reversing its post-election pullback as the continued long liquidations puts GBP/USD on a path to test the 1.3000 handle.

How to Use IG Client Sentiment in Your Trading
How to Use IG Client Sentiment in Your Trading
Recommended by Justin McQueen
Improve your trading with IG Client Sentiment Data
Get My Guide
AUD/USD Bounces Back, GBP/USD Selling Persists - US Market Open

Source: DailyFX, Refinitiv

Economic Calendar (19/12/19)

AUD/USD Bounces Back, GBP/USD Selling Persists - US Market Open

Source: DailyFX,

WHAT’S DRIVING MARKETS TODAY

  1. GBPUSD whipsaws as MPC leave rates unchanged and signal economic recovery” by Daniela Sabin Hathorn, Analyst
  2. Sweden's Riksbank Raises Interest Rates: EUR/SEK Downtrend Remains Intact” by Nick Cawley, Market Analyst
  3. Gold Price Quiet for Now, Long-term Levels Set to Break Early Next Year” by Justin McQueen, Market Analyst

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at Justin.mcqueen@ig.com

Follow Justin on Twitter @JMcQueenFX

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

DISCLOSURES

News & Analysis at your fingertips.