Forex News

AUD/USD Could Target 0.7000 if the RBA Strikes an Optimistic Tone

After two of the biggest weeks for macroeconomic releases (not to mention most of the top-tier earnings reports), this week’s calendar is comparatively subdued. That said, there are still some key events to keep an eye on, including tonight’s confab at the Reserve Bank of Australia (RBA). According to the ASX’s RBA Rate Indicator tool, …

Market Brief: Risk Rally Relaxes into the Close

View our guide on how to interpret the FX Dashboard. Risk-on trading was the theme of the day amidst ongoing optimism over US-China trade and data that suggested Europe’s economy was stabilizing, though some of the optimism faded by the end of the US session. FX: The US dollar was the strongest major currency on the …

RBNZ may get Its Cue from RBA Tomorrow

New Zealand releases its employment data on Wednesday with expectations for the Employment Change for Q3 to rise 0.3% from an increase of 0.8% in Q2.  Next week, the RBNZ will meet and will decide whether they should cut key overnight interest rates or leave them on hold at 1.0%.  But for the RBNZ, its …

Weekly and Monthly Bearish Engulfing Candles Appear On DXY – But Just How Grizzly Are They?

The USD index (DXY) presented traders with a bearish engulfing candle on both the weekly and monthly chart by Friday’s close. So, will this bearish pattern live up to its grizzly name in the weeks ahead? As of Friday, it was DXY’s most bearish close since January 2018. Yet key support around 97 previously highlighted …

Market Brief: Risk On Extends As US Considers Tariff Rollback

View our guide on how to interpret the FX Dashboard FX Brief: AUD is today’s strongest major after RBA held rates. AUD/JPY is the biggest mover of the session and its daily range has spanned 95% of its 10-day ATR – given it remains beneath key resistance, we may need another catalyst for risk-on to break higher. …

RBA Holds, Yet Aussie Upside Remains Clouded By Resistance | AUD/USD, AUD/JPY, EUR/AUD

RBA held rates as expected, yet the easing bias remains despite talk of a ‘gentle turning point’. Going into today’s meeting, expectations for a cut were low at just 7% according to the RBA Rate Indicator. But then they had cut rates three times over four meetings, and policy changes can take many months before …

Market Brief: Trade Deal Optimism Lifts Equities

View our guide on how to interpret the FX Dashboard FX Brief: Volumes were lighter due to the public holiday in Japan today. NZD is the strongest major on the announcement that New Zealand has concluded its negotiations to upgrade their free trade deal with China. NZDCAD is today’s biggest gainer, and its daily range …

Weekly COT Report: GBP Traders Are Their Least Bearish In 5 Months

Read our guide on how to interpret the weekly COT report As of Tuesday 29th of October Bullish exposure on the USD was $12.6 billion ($15.9 against G10) Traders are their least bearish on GBP futures since early June GBP saw the largest weekly change among FX majors, with net-short exposure being reduced by 20k contracts …

Stocks, dollar calm ahead of US data

Today’s publication of jobs, wages and manufacturing data should provide investors plenty of indications about the health of the world’s largest economy, which, in turn, could impact the probabilities of future interest rate changes and therefore the values of the dollar and stock markets. At the time of writing European indices were flat after falling …

1 2 52 53 54 55 56 92 93