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
EUR/USD
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
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
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
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
Oil - US Crude
Mixed
Bitcoin
Bullish
More View more
Real Time News
  • UK's Raab says the United States did not give a reasonable alternative for Huawei's 5G network $DXY $GBP
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.37% Gold: -0.60% Silver: -2.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/f8zNyj8rrB
  • RT @LiveSquawk: US CB Consumer Confidence Jan: 131.6 (est 128.0; prev R 128.2) - Expectations Jan: 102.5 (prev 97.4) - Present Situation Ja…
  • RT @bespokeinvest: Biggest beat relative to expectations (20 vs -3) for Richmond Fed since March 2009.
  • 🇺🇸 USD Conf. Board Present Situation (JAN), Actual: 175.3 Expected: N/A Previous: 170 https://www.dailyfx.com/economic-calendar#2020-01-28
  • 🇺🇸 USD Consumer Confidence Index (JAN), Actual: 131.6 Expected: 128.0 Previous: 128.2 https://www.dailyfx.com/economic-calendar#2020-01-28
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.48%, while traders in US 500 are at opposite extremes with 68.15%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/aKgg8iDWZF
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.15% Gold: -0.32% Silver: -1.94% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/rGDZPHffIG
  • If you'd like to know which are @IGcom 's top 10 #trading books, you can check them out here: https://t.co/2k1SPjFX6n. Have to say the video of me is so embarrassing I hesitate to tweet this link but hey ho...
  • $GBPUSD continues to weaken as risk assets sell off globally on fears that the coronavirus outbreak in China will have a negative economic impact. Get your market update from @MartinSEssex here:https://t.co/I8oPzE2sEo https://t.co/x8ijX6oVFl
Australian Dollar Rallies on Risk Appetite, Japanese Yen Weakens Across the Board

Australian Dollar Rallies on Risk Appetite, Japanese Yen Weakens Across the Board

2010-05-27 16:01:00
David Song, Currency Strategist
Share:

05.27_DWL1

The Australian dollar advanced following a shift in market sentiment and is the best performing currency against the greenback on Thursday as investors raise their appetite for risk. The AUD/USD remains 170+pips higher from the open after moving 113% of its daily ATR, and exchange rate may continue to push higher going into the Asian trade as risk trends dictate price action in the currency market. However, as the 30-minute RSI falls back from oversold territory, with price action holding below the 10-Day SMA at 0.8441, the aussie-dollar may fall back over the next few hours of trading and look to fill-in the gap from the 240-SMA at 0.8256. Nevertheless, as investors scale back expectations for a rate hike and speculate the Reserve Bank of Australia to maintain a neutral policy stance going into the second-half of the year, the AUD/USD may face downside pressures over the medium-term as investors weigh the prospects for future policy.

05.27_DWL2


05.27_DWL3

The Japanese Yen halted the three-day rally and pushed lower across the board following a rise in risk sentiment, and increased demands for higher-yielding assets could lead to further weakness as the Yen remains the most popular funding-currency. The USD/JPY is 60+pips higher on the day after moving 51% of its average true range, and another leg higher could lead the pair to test the 200-Day SMA at 91.03. However, as the 30-minute RSI approaches overbought territory, price action may hold below the 200-Day SMA, would could lead the pair to trade around the 240-SMA at 90.08. As we head into the end of the week, with market liquidity tapering off ahead of the weekend, the exchange rate may hold a narrow range over the next 24 hours of trading unless we get another shift in risk sentiment.

05.27_DWL4

Join us to discuss the outlook for the major currencies on the DailyFX Forums

To discuss this report contact David Song, Currency Analyst: instructor@dailyfx.com

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

DISCLOSURES

News & Analysis at your fingertips.