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Additional China stimulus helps stimulate the Aussie
Earlier today, China announced 19 additional policies to help the economy, worth $146 billion. These policies will primarily support infrastructure projects.
Will EUR/AUD continue to break lower?
The key question for EUR/AUD is, “Will the ECB be more hawkish than the RBA?”
USD remains firm ahead of CPI, 4-day rally on EURAUD
Pending inflation data for the US weighed on Wall Street overnight, seeing technology stocks lead the broader market lower.
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EUR/AUD and EUR/NZD trying to hammer out a bottom
With many commodities such as oil, gold, and wheat soaring, commodity currencies have gone along for the ride.
European Open: Equities bounce on Omicron fatigue
There’s only so much misery traders can take, and that appears to be 3-day given how futures markets and Asian indices are all higher overnight.
EUR/AUD Reverses at Bearish Target. What Now?
Shorting EUR/AUD has been one of the better performers in recent weeks for bearish traders. Yet yesterday’s rally (its best in 4-months) should serve as a warning.
EUR/AUD poised to breakout amidst next week’s AU CPI and ECB meeting
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.
Lacklustre start to week full of data earnings and CB meetings
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 example, being lower and Kiwi higher. Meanwhile the euro was attempting to climb back above 1.10 against the US dollar after dipping to a new multi-month low of 1.0965 overnight
EUR/AUD: breakdown imminent?
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.