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The US ETFs 1 month 3 month Year to date
CurrencyShares Australian Dollar Trust (FXA) 0.83% 3.43% -0.34%
ProShares UltraShort Australian Dollar (CROC) -2.83% -7.6% -0.02%

Save MM AUD Fundamental Index

MMFI for AUD is an integral index created by MacroMicro for Australian dollar fundamentals. When it goes up, it means the fundamentals of Australian dollar is looking good.

Components of AUD MMFI include Iron Ore MMFI, Australia Overnight Indexed Swaps Spread and AUD COT Index. Weight of each component might be adjusted according to the latest AUD market conditions.

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Latest Stats
  • MM AUD Fundamental Index (L)
    2021 W10
    15.35
  • AUD/USD (R)
    2021-03-05
    0.77
Source
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Related Product
The US ETFs 1 month 3 month Year to date
iShares Currency Hedged MSCI Australia ETF (HAUD) 1.95% 11.21% 0%
CurrencyShares Australian Dollar Trust (FXA) 0.83% 3.43% -0.34%
ProShares UltraShort Australian Dollar (CROC) -2.83% -7.6% -0.02%
iShares Global Materials ETF (MXI) 3.74% 6.5% 5.05%
SPDR S&P Metals & Mining ETF 14.04% 16.66% 13.7%

Save MMFI for Iron Ore vs. AUD/USD

MMFI for Iron Ore is an integral index created by MacroMicro for iron ore futures fundamentals. It incorporates not only iron ore stocks and steel fundamentals, but also Chinese housing market and Chinese demand for infrastructure.

MMFI for Iron Ore and Australian dollar have a correlation coefficient of 0.79.

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Latest Stats
  • MMFI for Iron Ore (L)
    2021 W09
    14.31
  • AUD/USD (R)
    2021-03-05
    0.77
Source
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Save US - AUS 10-year Bond Yield Spread vs. AUD/USD

When the increase of the US's interest rates is bigger than that of Australia's, or when the decrease of America's interest rates is smaller than that of Australia's, the bond yield spread widens. When the US has a better economic outlook or higher inflation expectation, the bond yield spread widens, too.

The US dollar appreciates against the Australian dollar as the yield spread widens.

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Latest Stats
  • US - AUS 10-year Bond Yield Spread (L)
    2021-03-05
    -0.20%
  • US - AUS 3-year Bond Yield Spread (L)
    0.00
  • AUD/USD (R)
    2021-03-05
    0.77
Source
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Save Australia Overnight Indexed Swaps Spread

Overnight indexed swap spread: overnight indexed swap (3 months) - overnight indexed swap (1 month)

Overnight Indexed Swap (OIS) is a contract that exchanges a period of a fixed interest rate over the average of a period of overnight interest rate (which is facilitated by a broker). The OIS interest rate in the market refers to the fixed interest rate in the swap contract.

The overnight indexed swap can also be used as an indicator of the market's expected central bank target interest rate. When the 3-month OIS is greater than the 1-month OIS value, it indicates that the market expects the central bank to raise the interest rate in the short term, and vice versa.

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Latest Stats
  • Australia Overnight Indexed Swaps Spread
    2021-03-04
    0.01%
  • Australia Base Interest Rate
    2021-03-04
    0.10%
  • Australia Overnight Indexed Swaps (1 month)
    2021-03-04
    0.03%
Source
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The US ETFs 1 month 3 month Year to date
iShares Currency Hedged MSCI Australia ETF (HAUD) 1.95% 11.21% 0%
CurrencyShares Australian Dollar Trust (FXA) 0.83% 3.43% -0.34%
ProShares UltraShort Australian Dollar (CROC) -2.83% -7.6% -0.02%

Save Trade Balance

Trade balance increases as the currency depreciates.

Australia exports most of its raw materials to China, so China's demand has an impact on Australia's trade balance. Australia goes into a trade deficit and AUD weakens once Chinese demand softens.

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Latest Stats
  • Exports (SA, YoY, L)
    2021-01
    2.94%
  • Imports (SA, YoY, L)
    2021-01
    -12.58%
  • Trade Balance (R)
    2021-01
    10,142.00m
Source
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The US ETFs 1 month 3 month Year to date
iShares Global Materials ETF (MXI) 3.74% 6.5% 5.05%
SPDR S&P Metals & Mining ETF 14.04% 16.66% 13.7%
iShares Currency Hedged MSCI Australia ETF (HAUD) 1.95% 11.21% 0%
CurrencyShares Australian Dollar Trust (FXA) 0.83% 3.43% -0.34%
ProShares UltraShort Australian Dollar (CROC) -2.83% -7.6% -0.02%

Save China Iron Ore Inventory vs. AUD/USD

China is the biggest importer of iron ore, whose imports of iron ore account for 65% globally, so China's iron ore inventory serves as a good indicator for the supply conditions of iron ore.

Recently, however, the Australian dollar weakens due to RBA's rate cuts.

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Latest Stats
  • China Iron Ore Inventory (L)
    2021 W09
    127,910.00k
  • China Iron Ore Price (R1)
    2021-03-05
    174.65
  • AUD/USD (R2)
    2021-03-05
    0.77
Source
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Save Consumer Price Index

Inflation is the determining factor for a country's monetary policy. Weak inflation leads to loose monetary policy. Australia's inflation target is to keep CPI between 2% to 3%.

CPI items and weights:
Housing 23%
Food 16%
Transportation 10%
Entertainment and culture 13%
Furniture 9%
Alcohol 7%
Medicare 5%
Financial insurance 6%
Education 4%
Apparel 4%
Communication 3%

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Latest Stats
  • Producer Price Index (YoY)
    2020 Q4
    -0.10%
  • Consumer Price Index (YoY)
    2020 Q4
    0.90%
  • Core CPI (Trimmed Mean, YoY)
    2020 Q4
    1.20%
Source
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The US ETFs 1 month 3 month Year to date
VanEck Vectors Steel ETF (SLX) 15.56% 18.25% 16.16%
SPDR S&P Metals & Mining ETF 14.04% 16.66% 13.7%
iShares Global Materials ETF (MXI) 3.74% 6.5% 5.05%
CurrencyShares Australian Dollar Trust (FXA) 0.83% 3.43% -0.34%
iShares Currency Hedged MSCI Australia ETF (HAUD) 1.95% 11.21% 0%
ProShares UltraShort Australian Dollar (CROC) -2.83% -7.6% -0.02%

Save Iron Ore Price vs. AUD/USD

AUD and iron ore price have a correlation coefficient of 0.76 which shows high correlation.

Australia is the top 1 exporter of iron ore and the 2nd larges exporter of coal, which are the core materials for refining steel. Iron ore accounts for nearly half of Australia's overall exports. Exports of raw materials are associated with the country's current account.

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Latest Stats
  • China Iron Ore Spot Price (L)
    2021-03-05
    174.65
  • AUD/USD (R)
    2021-03-05
    0.77
Feedback
Related Product
The US ETFs 1 month 3 month Year to date
iShares Currency Hedged MSCI Australia ETF (HAUD) 1.95% 11.21% 0%
CurrencyShares Australian Dollar Trust (FXA) 0.83% 3.43% -0.34%
ProShares -2.83% -7.6% -0.02%
PowerShares DB Base Metals Fund 10.35% 7.75% 8.75%

Save MMFI for Copper vs. AUD/USD

MMFI for Copper is an integral index created by MacroMicro for copper futures fundamentals.
Australia is the 7th largest producer of copper and the 3rd exporter of copper. Copper accounts for 3% of Australia's overall exports. AUD and copper price have a correlation coefficient of 0.83 which shows high correlation.

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Latest Stats
  • MM Copper Fundamental Index (L)
    2021-02
    7.94
  • AUD/USD (R)
    2021-03-05
    0.77
Source
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The US ETFs 1 month 3 month Year to date
iPath Pure Beta Copper ETN -0.03% -5.68% 0%
iPath Bloomberg Copper Subindex Total Return ETN 14.98% 15.61% 16.01%
PowerShares DB Base Metals Fund 10.35% 7.75% 8.75%
iShares Currency Hedged MSCI Australia ETF (HAUD) 1.95% 11.21% 0%
CurrencyShares Australian Dollar Trust (FXA) 0.83% 3.43% -0.34%
ProShares UltraShort Australian Dollar (CROC) -2.83% -7.6% -0.02%
Related Product
The US ETFs 1 month 3 month Year to date
iShares Currency Hedged MSCI Australia ETF (HAUD) 1.95% 11.21% 0%
CurrencyShares Australian Dollar Trust (FXA) 0.83% 3.43% -0.34%
ProShares UltraShort Australian Dollar (CROC) -2.83% -7.6% -0.02%

Save China Floor Space of Commercialized Buildings Sold vs. AUD

Over 30% of the iron ore in the world are used in China to build houses, so China's sales of houses can be an indicator for the demand of iron ore.

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Latest Stats
  • China Floor Space of Commercialized Buildings Sold
    2020-12
    2.60%
  • AUD/USD (L2)
    2021-03-05
    0.77
  • China Iron Ore, 62% Fe CFR Price (R)
    2021-03-05
    174.65
Source
Feedback
Related Product
The US ETFs 1 month 3 month Year to date
iShares Currency Hedged MSCI Australia ETF (HAUD) 1.95% 11.21% 0%
CurrencyShares Australian Dollar Trust (FXA) 0.83% 3.43% -0.34%
ProShares UltraShort Australian Dollar (CROC) -2.83% -7.6% -0.02%
iPath Pure Beta Copper ETN -0.03% -5.68% 0%
iPath Bloomberg Copper Subindex Total Return ETN 14.98% 15.61% 16.01%
PowerShares DB Base Metals Fund 10.35% 7.75% 8.75%

Save China Imports: Copper Ore and Its Concentrate vs. AUD

Australia is the 7th largest producer of copper and the 3rd exporter of copper. Copper accounts for 3% of Australia's overall exports. AUD and copper price have a correlation coefficient of 0.83 which shows high correlation.

China shows the largest demand for copper and its own production can't meet its demand. So China's copper imports also show us the changes in its demand for copper.

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Latest Stats
  • China Copper Ore & Concentrate Imports (Accu, YoY)
    2020-11
    30,816,434.00k
  • AUD/USD
    2021-03-05
    0.77
Source
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The US ETFs 1 month 3 month Year to date
United States Oil Fund (USO) 18.7% 40.81% 34.63%
iShares Global Energy ETF (IXC) 20.23% 18.97% 28.75%
Proshare Ultra Bloomberg Crude Oil (UCO) 37.05% 89% 72.95%
iShares Currency Hedged MSCI Australia ETF (HAUD) 1.95% 11.21% 0%
CurrencyShares Australian Dollar Trust (FXA) 0.83% 3.43% -0.34%
ProShares UltraShort Australian Dollar (CROC) -2.83% -7.6% -0.02%

Save Oil Price vs. AUD/USD

Price of raw material rises as the economy improves. Oil is the most essential among all raw materials, so it reflects the overall economic conditions.

AUD and price of raw material are highly correlated.

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Latest Stats
  • NYMEX WTI Crude Oil Futures Price (L)
    2021-03-05
    66.09
  • AUD/USD (R)
    2021-03-05
    0.77
Source
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The US ETFs 1 month 3 month Year to date
SPDR Gold Trust Fund (GLD) -7.4% -7.65% -10.78%
iShares Gold Trust -7.33% -7.65% -10.76%
ETFS Physical Swiss Gold Shares -7.43% -7.64% -10.78%
VelocityShares 3x Long Gold ETN 8.35% 23.95% 0%
DB Gold Double Short ETN 14.23% 14.64% 19.78%
iShares Currency Hedged MSCI Australia ETF (HAUD) 1.95% 11.21% 0%
CurrencyShares Australian Dollar Trust (FXA) 0.83% 3.43% -0.34%
ProShares UltraShort Australian Dollar (CROC) -2.83% -7.6% -0.02%

Save Gold vs. AUD/USD

Australia is the 2nd largest producer of gold and the 6th exporter of gold. Gold accounts for 6% of Australia's overall exports.

AUD and gold price have a correlation coefficient of 0.77 which shows high correlation.

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Latest Stats
  • NYMEX Gold Futures Price (L)
    2021-03-05
    1,698.50
  • AUD/USD (R)
    2021-03-05
    0.77
Source
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The US ETFs 1 month 3 month Year to date
iPath Bloomberg Nickel Subindex Total Return ETN -7.75% -0.01% -1.62%
iShares Currency Hedged MSCI Australia ETF (HAUD) 1.95% 11.21% 0%
CurrencyShares Australian Dollar Trust (FXA) 0.83% 3.43% -0.34%
ProShares UltraShort Australian Dollar (CROC) -2.83% -7.6% -0.02%

Save Nickel vs. AUD

Australia is the 4th largest producer of nickel and the 3rd exporter of nickel. Nickel accounts for 1% of Australia's overall exports.

AUD and nickel price have a correlation coefficient of 0.74 which shows high correlation.

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Latest Stats
  • LME Nickel Futures Price (L)
    2021-03-05
    16,317.50
  • AUD/USD (R)
    2021-03-05
    0.77
Source
Feedback
Related Product
The US ETFs 1 month 3 month Year to date
iShares Currency Hedged MSCI Australia ETF (HAUD) 1.95% 11.21% 0%
CurrencyShares Australian Dollar Trust (FXA) 0.83% 3.43% -0.34%
ProShares UltraShort Australian Dollar (CROC) -2.83% -7.6% -0.02%

Save Coal vs. AUD

Australia is the 4th largest producer of coal and the largest exporter of coal. Coal accounts for 8% of Australia's overall exports.

AUD and coal price have a correlation coefficient of 0.68 which shows high correlation.

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Latest Stats
  • ICE Coal Futures Price (L)
    2021-03-05
    87.75
  • AUD/USD (R)
    2021-03-05
    0.77
Source
Feedback
Related Product
The US ETFs 1 month 3 month Year to date
iShares Currency Hedged MSCI Australia ETF (HAUD) 1.95% 11.21% 0%
CurrencyShares Australian Dollar Trust (FXA) 0.83% 3.43% -0.34%
ProShares UltraShort Australian Dollar (CROC) -2.83% -7.6% -0.02%
VanEck Vectors Russia ETF Fund (RSX) 5.54% 5.62% 5.76%
iShares MSCI Russia Capped ETF 4.81% 3.89% 4.69%
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The US ETFs 1 month 3 month Year to date
CurrencyShares Australian Dollar Trust 0.83% 3.43% -0.34%
ProShares UltraShort Australian Dollar (CROC) -2.83% -7.6% -0.02%
iShares Currency Hedged MSCI Australia ETF (HAUD) 1.95% 11.21% 0%

Save AUD COT Index

Australian Dollar COT Index = Large Non-Commercial (speculator) Net Position - Large Commercial (hedger) Net Position

COT index represents the positioning of large traders, when it heads up, it means they are bullish about Australian dollar.

*Updates every Friday ET

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Latest Stats
  • AUD COT Index (L)
    2021 W09
    28,637.00
  • AUD/USD (R)
    2021-03-05
    0.77
Source
Feedback

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