Trading FOREX

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.

What makes forex trading popular – and should you get involved in the world’s biggest market? Find out with our complete guide to the risks and benefits of forex trading.

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.

At its monthly meeting this afternoon, the Reserve Bank Board raised its official cash rate for a third consecutive time by 50bp from 1.35% to 1.85%.

June quarter Australian inflation data has surged to 6.1%, but below consensus expectations easing fears of a supersized 75bp rate hike when the RBA meets next week.

With Asian markets in a more cautious mood after being wrongfooted by the overnight sell-off on Wall Street, the focus this morning has been on the RBA Board meetings for July.

Good news today for the Australian economy as the employment report for June stunned with across-the-board strength.

At its meeting on Wednesday, the Reserve Bank of New Zealand is widely expected to raise the Official Cash Rate by 50 basis points taking the cash rate to 2.50%. It will be the RBNZ’s third straight 50bp hike in a row, in a tightening cycle that started back in October.

RBA Preview and what next for the AUDUSD

Following last week's mega moves by central banks, the calendar this week allows central bankers to finetune some of those shifts, starting with a plethora of communique from the RBA this morning.

At its monthly meeting next Tuesday, the 7th, the Reserve Bank Board is widely expected to raise the cash rate from its current setting of 0.35%.

As the release of the final partials yesterday warned, Australian Q1 2022 Australian GDP has beaten expectations, rising by a solid 0.8% QoQ and 3.3% YoY, despite the impact of Omicron and the devastating rains and floods that hit the East Coast.