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.

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
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
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
Bullish
GBP/USD
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
USD/JPY
Bearish
More View more
Real Time News
  • The Hang Seng Index #HSI appears to face an immediate resistance at 29,870 (127.2% Fibonacci extension). Prices surged more than 3% before pulling back slightly in the afternoon trading session. Stock connections registered over HK$ 20 billion net southbound flow today. https://t.co/3J5JNIVopi
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Germany 30 are at opposite extremes with 67.52%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/4BsBWBZvaI
  • Oil - US Crude IG Client Sentiment: Our data shows traders are now net-long Oil - US Crude for the first time since Jan 05, 2021 when Oil - US Crude traded near 5,008.80. A contrarian view of crowd sentiment points to Oil - US Crude weakness. https://www.dailyfx.com/sentiment https://t.co/8PE3J3958F
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.43% 🇳🇿NZD: 0.34% 🇨🇦CAD: 0.27% 🇪🇺EUR: 0.15% 🇨🇭CHF: -0.01% 🇯🇵JPY: -0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/CCqUPxXb1g
  • Get your snapshot update of the of relative currency strength and exchange status from around the globe here: https://t.co/H19vRDCpUJ https://t.co/ruKhwAC2Sf
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.74% France 40: 0.60% FTSE 100: 0.56% US 500: 0.39% Wall Street: 0.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/NDCTrOVL5r
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Silver: 1.02% Oil - US Crude: 0.42% Gold: 0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/N0Fo4mM16G
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.37% 🇳🇿NZD: 0.34% 🇨🇦CAD: 0.22% 🇬🇧GBP: 0.14% 🇨🇭CHF: 0.01% 🇯🇵JPY: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/IBkW89Ji1M
  • Japanese Chief Cabinet Secretary Kato: Vaccination supply for population to be secured by 1H of this year - BBG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Germany 30 are at opposite extremes with 66.75%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/KdbuJBLZMr
Australian Dollar Slides as RBA Financial Review Flags Increased Risks

Australian Dollar Slides as RBA Financial Review Flags Increased Risks

David Cottle, Analyst

Australian Dollar, Financial Stability Review, Talking Points:

  • AUDUSD slipped sharply after the review
  • However, the report itself was arguably no gloomier than should have been expected
  • Profit-taking on recent Aussie strength looks likely

The Australian Dollar fell on Thursday as the Reserve Bank of Australia’s Financial Stability Review painted an admittedly predictable gloomy picture of the coronavirus’ impact.

However, the report was perhaps no less downbeat than might have been expected at this point, and it looks as though its importance as an excuse to sell the currency may have been exaggerated by those who want to take profit on recent gains.

Australian Dollar Vs US Dollar, 5-Minute Chart

The RBA said that heightened uncertainty related to the pandemic was ‘compounding the usual volatility in financial markets.’ It also pointed out that monetary policy can’t address the issue that was driving economic contraction, but that it could serve as a bridge, while fiscal stimulus offsets some of the worst affects and health authorities try to contain the virus’ spread.

The RBA also said that the financial system in Australia enters this period in a strong position, with banks showing high profitability and good asset performance, even as their ability to take on and manage risk may diminish.

The central bank also noted that a range of risky assets had been priced at high levels before the outbreak, but that the sudden outbreak of the virus had materially changed the comparatively rosy outlook for these.

AUD/USD MIXED
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily 14% 18% 16%
Weekly 7% -3% 2%
What does it mean for price action?
Get My Guide

As perhaps the most obviously growth-correlated, widely traded currency the Australian Dollar was hit especially hard by the collapse in risk appetite which accompanied the coronavirus’ global spread.

Australian Dollar Vs US Dollar, Daily Chart

However, having plumbed near-eighteen-year lows last month, AUD/USD has staged a remarkable revival. This has come about as various, massive remediation has been unleashed across developed economies, crowned by the US’ $2 trillion dollar effort.

The currency got a little domestic support this week too when the Reserve Bank of Australia declined to cut interest rates to zero. Futures markets had narrowly expected it to do so.

Still, the global growth prognosis remains abysmal this year with joblessness soaring across the world. Risk appetite must still be regarded as on a hair trigger and, this week, Australia’s prized, rare triple-A credit rating was put on negative watch by the S&P Global agency.

The Australian Dollar market has clearly found some reasons to buy as March moved into April, but 2020’s clear downward trajectory has yet to break.

Australian Dollar 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!

https://www.dailyfx.com/free_guide-tg.html?ref-author=Cottle.

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

DISCLOSURES