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. See our updated Privacy Policy here.

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
Mixed
Gold
Bearish
GBP/USD
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
USD/JPY
Bullish
More View more
Real Time News
  • As the Dollar ($DXY) continues to consolidate after last week's rally, the market's rate forecast via Fed Funds futures (through end 2022) is pricing in most hawkish view since Mar 18, 2020 at 23 bps worth of tightening between now and then https://t.co/ZgknI0hf39
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 0.85% Gold: 0.27% Oil - US Crude: -0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/5UDOKqOZlT
  • Amazon has been in a fairly consistent range since last August $AMZN over the past week buyers have been driving deeper within resistance zone, ath just above at 3552 https://t.co/Y2BJFHHpsc
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.53%, while traders in GBP/JPY are at opposite extremes with 68.66%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/9wQEDOOqv8
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Silver: 0.68% Gold: 0.18% Oil - US Crude: -0.42% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/lMDtC6g5Ns
  • Fed's Harker (2023 voter) - US economy is by and large in good shape - employment remains down significantly
  • As widely expected the Bank of England maintained current monetary policy in a 9-0 vote with the interest rate left at 0.1%.Get your market update from @JMcQueenFX here: https://t.co/qUbCxszHkN https://t.co/koNHrYm8pl
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: France 40: 1.04% Germany 30: 0.59% Wall Street: 0.58% US 500: 0.52% FTSE 100: 0.36% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/42kLDACsRo
  • Fed's Barkin (2021 Voter) - Many price hikes are just transitory and will ease as supply comes online
  • Indian Oil Minister urges OPEC to phase out production cuts sooner, adds that high crude prices is adding significant inflationary pressure on India
AUD/USD Carves A Multi-Month Low Amid An Absence of Reversal Signals

AUD/USD Carves A Multi-Month Low Amid An Absence of Reversal Signals

David de Ferranti, Currency Analyst

Talking Points

  • AUD/USD Technical Strategy: Shorts Preferred
  • Absence of Key Reversal Patterns Casts Risks Lower
  • Break Below 0.8885/90 To Open Run On 0.8660

The Australian Dollar remains at risk following a failure to reclaim the 90 US cent handle coupled with an absence of bullish reversal signals. This leaves the spotlight on the 0.8885 barrier, which if broken would open the next leg lower to the 2014 lows near 0.8660.

AUD/USD: Downside Risks Remain While Sub 0.9000

AUD/USD Carves A Multi-Month Low Amid An Absence of Reversal Signals

Daily Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

A parade of Doji formations on the four hour chart indicates hesitation from traders to lead the pair lower. Yet at the same time this may not suggest a potential recovery, given the lack of key reversal patterns. Sellers are likely to reemerge at former support-turned-resistance near 0.9000.

AUD/USD: Dojis Highlight Hesitation From Traders Near 0.8915 Barrier

AUD/USD Carves A Multi-Month Low Amid An Absence of Reversal Signals

4 Hour Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

By David de Ferranti, Currency Analyst, DailyFX

Follow David on Twitter: @Davidde

To receive David’s analysis directly via email, please sign up here

Learn how to read candlesticks to help identify trading opportunities with the DailyFX Candlesticks Video Course.

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

DISCLOSURES