Why trade EUR/AUD CFDs with Capital.com
Sterling traded strongly overnight and could experience a further squeeze up to 1.29. Higher oil prices and risk appetite is driving USD/CAD lower https://bigbostrade.com/ with the pair likely to make move down to 1.3050. The New Zealand dollar should follow AUD higher especially after last night’s trade data.
Both currencies shrugged off President Trump’s threat of more tariffs and with a much weaker than expected NZ trade balance. The Canadian dollar is flat as oil prices try to stabilize and we see a small bias to the upside during the NY session. As for the U.S. dollar and USD/JPY it could hold onto its gains ahead of the consumer confidence report but the sentiment should lower given the sharp slide in stocks this month. The Japanese Yen is trading lower against all of the major currencies this morning after the Bank of Japan failed to raise interest rates.
AUD/USD Swings to Downside on 600K Job Losses
The greenback is trading with a softer bias ahead of Powell and the selling pressure could remain in place before the Fed Chair speaks. The euro traded lower against the U.S. dollar today on the back of cautious comments from the ECB and weaker industrial production. The uniformity of the central bank’s comments make it clear that https://ru.wikipedia.org/wiki/%D0%92%D0%B0%D0%BB%D1%8E%D1%82%D0%BD%D1%8B%D0%B9_%D1%80%D1%8B%D0%BD%D0%BE%D0%BA they are in no rush to change their forward guidance. Fundamentally, the dovishness of the ECB should cause the euro to underperform AUD further. We are not seeing much consistency in U.S. dollar’s performance this morning as the greenback is trading higher against the European currencies and lower versus the commodity currencies.
- The USD should slip against JPY and GBP, which is benefitting from very strong data.
- The other currencies are struggling with AUD and CAD leading the slide.
- Sterling is the best performing currency this morning thanks to a hotter PMI services report that has lifted the pair across the board.
Investors are worried that these won’t be very palatable options for the many members of the government who struggle https://about.google/intl/pl/ with the decision. AUD and NZD are surprisingly resilient in the face of mounting pressure from the US on China.
Sterling is leading the slide as the DUP reiterates their resistance to Prime Minister May’s Brexit deal. UK Cabinet Secretary Lidington said its wishful thinking that there could another EU deal so the decision that Parliament has to make is to accept the current deal or vote it down.
AUD/USD traders may be legitimately satisfied with the political resolution in Australia, but relations between the US and China remain chill as their trade talks end with no real resolution. Trade EUR/PLN Although the EURO is trading well today, we are growing increasingly concerned about the currency because Italian bond yields are closing in on their highest level in 4 years.
EUR/AUD trading hours
The other currencies are struggling with AUD and CAD leading the slide. AUD declined after the RBA rate decision because policymakers emphasized the need for unchanged policy to spur growth and inflation. They also expressed concerns about low inflation and US-China trade tensions.
The USD should slip against JPY and GBP, which is benefitting from very strong data. Sterling is the best performing currency this morning thanks to a hotter PMI services report that has lifted the pair across the board.
History of EUR/AUD
EUR is hampered by softer data – PMI services was revised lower and retail sales came in much weaker than expected. The U.S. non-manufacturing ISM report is the main focus today in the NY session and given the strength of NFPs, the risk is to the upside https://bigbostrade.com/forex/gbp-to-jpy/ for the release. Most of the major currencies are trading higher this morning ahead of Fed Chair Powell’s speech at Jackson Hole. We know that Powell and Poloz will be the only central bank leaders attending as Draghi, Carney and Kuroda stay behind.