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
Bullish
Wall Street
Bullish
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
Mixed
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • Heads Up:🇬🇧 Unemployment Rate (NOV) due at 07:00 GMT (15min) Expected: 5.1% Previous: 4.9% https://www.dailyfx.com/economic-calendar#2021-01-26
  • Heads Up:🇬🇧 Claimant Count Change (DEC) due at 07:00 GMT (15min) Expected: 35K Previous: 64.3K https://www.dailyfx.com/economic-calendar#2021-01-26
  • Heads Up:🇬🇧 Average Earnings incl. Bonus (NOV) due at 07:00 GMT (15min) Expected: 2.9% Previous: 2.7% https://www.dailyfx.com/economic-calendar#2021-01-26
  • Heads Up:🇬🇧 Average Earnings excl. Bonus (NOV) due at 07:00 GMT (15min) Expected: 3.2% Previous: 2.8% https://www.dailyfx.com/economic-calendar#2021-01-26
  • Heads Up:🇬🇧 Employment Change (OCT) due at 07:00 GMT (15min) Expected: -100K Previous: -144K https://www.dailyfx.com/economic-calendar#2021-01-26
  • (ASEAN Fundy) US Dollar Forecast: Stuck Between Treasuries, Equities as Emerging Markets Push On $USDSGD $USDTWD $USDPHP #EmergingMarkets #ASEAN https://www.dailyfx.com/forex/fundamental/article/special_report/2021/01/26/US-Dollar-Forecast-Stuck-Between-Treasuries-Equities-as-Emerging-Markets-Push-On.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/SVqNE5I4NV
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in US 500 are at opposite extremes with 68.42%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/5qXbmhK4TF
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.01% 🇨🇭CHF: -0.05% 🇪🇺EUR: -0.08% 🇨🇦CAD: -0.18% 🇳🇿NZD: -0.22% 🇦🇺AUD: -0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/q1uXEuBA1M
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.08% Germany 30: -0.06% France 40: -0.14% Wall Street: -0.52% US 500: -0.57% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/bCGarAMjGk
  • Want to make trading decisions with confidence? Download you free guide to avoid hesitations in your trading decisions.https://t.co/00I3lH90OD #DailyFXGuides https://t.co/LEzeGkMlO6
Australian Dollar Forecast: AUD/USD at Risk From US/China Trade Wars 2.0

Australian Dollar Forecast: AUD/USD at Risk From US/China Trade Wars 2.0

Justin McQueen, Analyst

Australian Dollar Analysis and Talking Points

Australian Dollar at Risk: Trade Wars 2.0

The Australian Dollar looks set to come into the cross-fires once again as US-China trade tensions pick up. The Trump administration has moved to block shipments of semiconductors to Huawei from global chipmakers, which in turn has seen China look to potentially respond via placing tech companies, such as, Apple and Qualcomm on an unreliable entity list. That said, risks look to be increasing to the downside for high beta currencies, particularly the Australian Dollar. Alongside this, we will be placing a close eye on the offshore Yuan (USDCNH).

Trading Forex News: The Strategy
Trading Forex News: The Strategy
Recommended by Justin McQueen
Trading Forex News: The Strategy
Get My Guide

Australian Dollar Tech Levels

As downside risks grow for AUD/USD, near term focus is on 0.6400-07, which marks the 76.4% fib retracement. A closing break below opens up room for a test of the May double bottom. On the topside, given the macro backdrop bounces in the Aussie may be short-lived and thus upside to be capped from 0.6450-0.6500.

AUD/USD MIXED
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily 2% 1% 2%
Weekly -4% 6% 1%
Learn how to use Sentiment in your trading strategy
Get My Guide

Implied Weekly range (0.6320-0.6530)

Support

Resistance

0.6400

-

0.6450

-

0.6370

May Double Bottom

0.6500

-

0.6350

-

0.6515

100DMA

AUD/USD Price Chart: Daily Time Frame

Australian Dollar Forecast: AUD/USD at Risk From US/China Trade Wars 2.0

Source: IG Charts

--- Written by Justin McQueen, Market Analyst

Follow Justin on Twitter @JMcQueenFX

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

DISCLOSURES