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EUR/AUD, GBP/AUD: Respectful of key levels despite global volatility
Amid global volatility, key levels on these Aussie crosses continued to be respected. We look at potential setups as we enter the new trading week.
EUR/AUD, GBP/AUD: Fed rate cuts, China stimulus add to downside risks
There’s a lot of excitement in Chinese markets about the latest stimulus measures to address flagging economic growth. Given it’s often used as a proxy for those traders looking to play China without directly investing in China, this type of environment should benefit cyclical currencies such as the Australian dollar.
EUR/USD, EUR/AUD: Safe haven appeal may strengthen if market turmoil erupts again
If we are about to see a repeat of the market carnage seen in early August sparked by renewed US recession fears, there are worse places to hunker down than EUR/USD in the near-term.
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Australian dollar has nothing to do with tech stocks, so why should it track them?
Considering the rally in cyclical assets following the soft US inflation report, the steep reversal in AUD/USD comes across as a little strange. As long as economic growth holds up, the prospect of Fed rate cuts should provide tailwinds for cyclicals. Therefore, the reversal has created a short setup. But not against the US dollar.
AUD looks constructive against EUR, GBP following latest reversal
Attempts to ram EUR/AUD and GBP/AUD into higher trading ranges failed last week, suggesting the Aussie dollar may be starting to rediscover its mojo against some major European crosses.
EUR/AUD winning streak faces upside test ahead of RBA decision
EUR/AUD is on track to record its fifth consecutive daily gain to start the trading week, moving the pair to within touching distance of the downtrend bulls have been thwarted at on several separate occasions dating back to the middle of last year.
AUD/USD falls, ASX probes record high on soft CPI figures, RBA-cut bets
Australia’s Q4 data report will be warmly welcomed for those calling for RBA cuts, with all headline data points coming in beneath expectations.
AUD/USD, EUR/AUD: The Australian dollar trading poorly despite macro tailwinds
The Australian dollar was given every excuse to rally on Wednesday and couldn't, finishing the session lower than where it started. Telling.
EUR/AUD traders eyeing a bounce or break from 200-day moving average
The proximity of EUR/AUD to its 200-day moving average and uptrend support presents an opportunity for traders to position for either a bounce or break from this technical juncture, providing favourable risk-reward depending on which way the price moves.
EUR/AUD looking toppy following Australia’s jobs report
Having spiked to two-month highs in the immediate aftermath of Australia’s December jobs report, EUR/AUD reversed hard, generating a bearish pin candle on the four-hourly suggesting it may have seen a near-term top.
AUD/USD, EUR/AUD: Elevated China pessimism becomes Aussie dollar bullish
AUD/USD has been given every opportunity to continue spiraling lower recently and hasn’t. Perhaps there's a message in that?
Gold, EUR/AUD analysis: Asian Open – 05/09/2023
Outside of China's equity markets, ranges were limited on Monday due to the long Labor Day weekend in the US. But with economic data picking up and volumes likely to be replenished, hopefully volatility will follow. We take a look at a couple of potential setups on the gold and EUR/AUD daily charts.
Australia's softer inflation could see the RBA hold rates next week
AUD pairs are broadly lower as inflation falls to 6.8% y/y (7.1% expected), bolstering expectations that the RBA will hold rates at their April meeting.
European Open: Cautious trade to start the week, EUR/AUD in focus
It has been a quiet session overnight, as traders wait to see how Europe reacts to the weekend’s headlines.
Hawkish ECB causes EUR/AUD to breakout
With a double bottom target and a flag target above, EUR/AUD still has some work to do.
Australian business sentiment stalls, consumer sentiment falls
Business confidence came to a standstill according to a monthly NAB (National Australian Bank) survey, whilst consumer confidence is its lowest since the pandemic.
EUR/AUD could trade above 1.6500!
EUR/AUD has been moving higher on the back of interest rate differentials. Will it continue if the ECB hikes 75bps next week and the RBA only hikes 25bps the week after?
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EUR/AUD could trade above 1.6500!
EUR/AUD has been moving higher on the back of interest rate differentials. Will it continue if the ECB hikes 75bps next week and the RBA only hikes 25bps the week after?
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?”
European Open: EUR/AUD looks week ahead of German PPI
A strong employment report for Australia has sent AUD to top of the class overnight, weighing on EUR/AUD ahead of PPI data for Germany at 07:00 BST.
Asian Open: Tech stocks lead Wall Street lower, 4-day rally on EUR/AUD
Pending inflation data for the US weighed on Wall Street overnight, seeing technology stocks lead the broader market lower.
Asian Open: US inflation hits 40-year high, EUR/AUD reverts to trend
Hot inflation and lack of progress over ceasefire talks drove sentiment, sending Wall Street slightly lower, with US dollar and commodity FX higher.