Idea of the Day It’s been interesting to note the tighter correlation between the dollar bloc currencies, more specifically the Aussie, kiwi and Canadian dollar. These three stand out as the leading performers over the past week, suggesting commodity based currencies as a whole are on a good standing at present. This certainly remains true in the case of the Aussie, which so far has corrected 3.7% from the early September low, which means it’s not that far off surpassing the 4.35% corrected seen early to mid-August. The Aussie is moving from a bear market interspersed with corrections to a bullish trend. To this end, the August high of 0.9233 remains in focus today, as a break here would likely give further confidence to those turning more bullish on the Australian currency. Data/Event Risks USD: Light data calendar with just consumer credit data released later in the day, but not an event risk for the dollar EUR: Sentix consumer confidence data this morning of modest interest to the single currency. Data expected to show further small improvement, taking headline balance to -3.5. AUD: NAB business confidence data is released tomorrow, with the Aussie likely to have an increased focus on domestic data in a bid to support a continuation of the recent recovery. Latest FX News JPY: An opening gap of around 0.6% on USDJPY with another brief move through the 100 level. Believe it or not, renewed optimism on the economy in light of Japan’s successful bid for the 2020 Olympics cited as a factor. Certainly it could well give more impetus to Abenomics and infrastructure spending. EUR: A relatively choppy few days for EURUSD, since the middle of last week, it stands in the middle of the currency leader-board, with the dollar-bloc of the Aussie, kiwi and CAD having outperformed in recent sessions. AUD: Not that far away from breaking the August high of 0.9233, with no surprise in the weekend election results, which returned the Liberal-National coalition back to power. As such, there was no immediate impact on the Aussie, but the underlying tone remains buoyant. Home loans data firmer than expected at 2.4%. Further reading: EUR weakness exposed by NFP Non-Farm Payrolls only 169K – dollar lower – taper train probably on track FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Forex News Today: Daily Trading News share Read Next EUR/USD September 9 – Edging higher after the disappointing Yohay Elam 9 years Idea of the Day It's been interesting to note the tighter correlation between the dollar bloc currencies, more specifically the Aussie, kiwi and Canadian dollar. These three stand out as the leading performers over the past week, suggesting commodity based currencies as a whole are on a good standing at present. This certainly remains true in the case of the Aussie, which so far has corrected 3.7% from the early September low, which means it's not that far off surpassing the 4.35% corrected seen early to mid-August. The Aussie is moving from a bear market interspersed with corrections to a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.