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
EUR/USD
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
Wall Street
Mixed
Gold
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
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.79%, while traders in EUR/GBP are at opposite extremes with 65.81%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/pPMQB3Sgtf
  • Heads Up:🇲🇽 Economic Activity YoY (JUL) due at 11:00 GMT (15min) Expected: -10% Previous: -13.2% https://www.dailyfx.com/economic-calendar#2020-09-25
  • Norges Bank - total liquidity has been unevenly distributed between banks, leading to considerable uncertainty over supply of NOK. Adds that they will offer fully allotted F-Loans at fixed rates with 1 day maturities
  • London put on national Covid watch list amid recent surge in cases
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.29% Gold: -0.42% Silver: -1.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/OTTxCl6GJR
  • Spanish health minister says the government recommends a total lockdown in Madrid
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.18% 🇦🇺AUD: 0.02% 🇯🇵JPY: -0.05% 🇨🇭CHF: -0.11% 🇪🇺EUR: -0.22% 🇬🇧GBP: -0.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/37yFAZ530P
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:https://t.co/7kPzAoNoLG https://t.co/Fa4sDLIjww
  • 🇫🇷 Unemployment Benefit Claims (AUG) Actual: -171K Previous: -172.2K https://www.dailyfx.com/economic-calendar#2020-09-25
  • $GBP https://t.co/Gl9Hkc0nTr
AUD/USD Reacts to FOMC Minutes

AUD/USD Reacts to FOMC Minutes

2017-04-05 18:38:00
Walker England, Forex Trading Instructor
Share:

Talking Points:

  • AUD/USD Reacts to FOMC Minutes
  • Key Support Found at the 200 MVA at .7552
  • Sentiment Figures Remain Negative; IG Client Sentiment Totaling -1.37

The AUD/USD is rebounding from fresh daily lows, as US Dollar pairs are now processing the release of the FOMC meeting minutes from March 15th. This event has been marked as a high importance release on the economic calendar, with traders searching for clues inside of last month’s minutes to help determine potential shifts in policy from the FED.

Technically the AUD/USD remains in a long term uptrend, with the pair remaining supported by its 200 day MVA (simple moving average) at .7552. If this uptrend is set to continue, traders will look for the pair to next breakout above its short term 10 day EMA (exponential moving average). This line is found at .7614, and a breakout above this EMA would suggest a bullish shift in the markets short term trend. If the AUD/USD fails to breakout higher in the short term, traders may watch for a bearish shift in the market below the previously mentioned 200 day MVA. A breakout below this line should be seen as significant. In this bearish scenario, traders may begin to target the standing March 2017 low found at .7505.

AUD/USD, Daily Chart with Averages

AUD/USD Reacts to FOMC Minutes

(Created Using IG Charts)

Current sentiment totals for the AUD/USD remain negative, with IG Client Sentiment currently reading at -1.37. This value has increased in extremity from early readings in the session, and now 58% of traders are short the AUD/USD. In the event that the currency pair remains supported and prices begin to rebound, traders may look for this total to reach a negative extreme of -2.0 or greater. Alternatively in the event of a short term bearish reversal traders may look for sentiment figures to neutralize. If price action breaks below the previously mentioned 200 day MVA, traders may confirm the move by looking for IG Client Sentiment to flip to a net positive total.

Want to learn more about trading with market sentiment? Get ourFree guide here.

AUD/USD Reacts to FOMC Minutes

--- Written by Walker, Analyst for DailyFX.com

To Receive Walkers’ analysis directly via email, please SIGN UP HERE

See Walker’s most recent articles at his Bio Page.

Contact and Follow Walker on Twitter @WEnglandFX.

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

DISCLOSURES