HomeForex MarketEvery day Foreign exchange Information and Watchlist: EUR/AUD

Every day Foreign exchange Information and Watchlist: EUR/AUD

Phrase via the foreign exchange grapevine is that the ECB is likely to be mulling a 0.50% hike this week.

Are euro bulls in for a disappointment, although?

Let’s see how EUR/AUD reacts to the highest of its short-term vary!

Earlier than transferring on, ICYMI, yesterday’s watchlist checked out AUD/USD’s bullish reversal forward of the RBA minutes. Be sure you try if it’s nonetheless a legitimate play!

And now for the headlines that rocked the markets within the final buying and selling classes:

Recent Market Headlines & Financial Information:

RBA assembly minutes: Inflation elevated additional to multi-decade highs

RBA: Resilience of Australian economic system evident in labor market

Swiss commerce surplus widened from 3.12B CHF to three.80B CHF

U.Okay. claimant rely dropped by 20K vs. projected 41.2K decline

U.Okay. unemployment fee held regular at 3.8% as anticipated

U.Okay. common earnings index slid from 6.8% to six.2% vs. 6.7% forecast

ECB policymakers reportedly discussing a 0.50% hike this week

BOE Governor Bailey’s speech at 3:00 pm GMT
FOMC member Brainard’s speech at 6:35 pm GMT
RBA Governor Lowe’s speech at 11:10 pm GMT
New Zealand GDT dairy public sale developing

Use our new Foreign money Warmth Map to rapidly see a visible overview of the foreign exchange market’s value motion! 🔥 🗺️

What to Watch: EUR/AUD

EUR/AUD 1-hour Foreign exchange Chart

The euro is feelin’ the bullish vibe recently, as rumor has it that the ECB is likely to be open to a 0.50% hike this week.

Can this wishful considering final, although?

EUR/AUD might have popped sharply greater on the information, but it surely’s additionally price noting that Australia’s fundamentals are trying hella robust.

Actually, the RBA minutes simply acknowledged that the Australian economic system has been resilient, even with worldwide headwinds and robust inflationary pressures.

This is likely to be sufficient to maintain the short-term vary resistance holding, probably sending EUR/AUD again right down to the underside close to the 1.4800 deal with.

Technical indicators are trying blended, although. The 100 SMA is beneath the 200 SMA to mirror bearish stress, however Stochastic is simply beginning to make its manner out of the oversold area. Additionally, the hole between the transferring averages has narrowed sufficient to trace at a attainable bullish crossover.

With that, a break above the close by ceiling at 1.4925 may set off a rally that’s not less than the identical peak because the vary.

Higher hold shut tabs on headlines that may impression total threat sentiment, too!

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