Trading FOREX

Over the past two trading sessions, the Canadian dollar has gained more than 1.5% against the U.S. dollar, establishing a strong short-term bullish bias.

A cross-currency swap is a type of FX instrument used by institutions and banks to gain better access to foreign debt markets. Find out more about this swap and why it’s used.

The spread in forex is the main way traders are charged for opening and closing positions. Learn more about the spread and how it’s calculated.

Leverage is a key part of forex trading due to large position sizes and small market daily movements. Take a look at our guide to leverage in forex, including how to calculate your risk.

Before diving headfirst into currency trading, it’s important to understand how forex trading works. This beginners’ guide to forex trading has real-life examples for you to look at and tips for trading success.

The focus this morning for local markets has been on the RBA Board meeting minutes for September and for possible clues it contained as to the Board’s view around the pace of future interest rate hikes.

With the dust still settling on last night’s red-hot U.S inflation data, attention locally will turn to an Antipodean doubleheader tomorrow in the shape of Q2 NZ GDP and the Australian August labour force report.

This morning saw the release of Australian Business and Consumer Confidence data, framed against surging prices and a fourth consecutive 50bp rate hike from the RBA last week.

Last week the ECB hiked rates by 75bp, taking the deposit rate to 0.75%.

The national accounts released today showed the Australian economy in the June Quarter expanded by a solid 0.9% and 3.6% YoY. It's the third consecutive quarter of economic expansion for the Australian economy.

At its monthly meeting this afternoon, the Reserve Bank Board raised its official cash rate for a fourth consecutive time by 50bp from 1.85% to 2.35%.