Eur aud

Notwithstanding President Trump’s daily twitter condemnations (trade partners and the Federal Reserve drew his ire this morning), traders have started to look ahead to next week’s trade.

At the start of a week full of US earnings, important economic data and a couple of central bank meetings, risk is somewhat off the menu. Equities, copper and, to a lesser degree, oil prices were all trading lower at the time of this writing. In FX, the major pairs had made little progress and were trading mixed with the Aussie and Loonie, for exam...

<p>Below we have a daily chart of the EUR/AUD. Similar to the EUR/USD, consolidation is the name of the game. But within the consolidation, it looks like a new trend is emerging, at least for the EUR/AUD anyway. There are lots of factors to observe in this chart.</p>