6 Mar 2015
EUR/AUD: Back below the 1.42 handle
FXStreet (Guatemala) - EUR/AUD is currently trading at 1.4173 with a high of 1.4183 and a low of 1.4168.
EUR/AUD has recovered with a minor bounce, within the region of 1.4120 coming in as support while a recovery to 1.42 was proving too much. The main event for the cross has been the ECB overnight who came bullish with their outlooks.
However, there are analysts at Rabobank who said they would rather take this renewed optimism with a grain of salt as the ECB is radiating self-confidence in the hope of successfully managing the market’s expectations. "According to the ECB, the risks still remain on the downside but now seem to have diminished, thanks to the decline in oil prices."
Up ahead, we have AiG Performance of Construction Index (Feb) and US Nonfarm Payrolls in the US shift that could bring some end of week volatility on what looks otherwise as a relatively quiet Asian close for the week.
EUR/AUD has recovered with a minor bounce, within the region of 1.4120 coming in as support while a recovery to 1.42 was proving too much. The main event for the cross has been the ECB overnight who came bullish with their outlooks.
However, there are analysts at Rabobank who said they would rather take this renewed optimism with a grain of salt as the ECB is radiating self-confidence in the hope of successfully managing the market’s expectations. "According to the ECB, the risks still remain on the downside but now seem to have diminished, thanks to the decline in oil prices."
Up ahead, we have AiG Performance of Construction Index (Feb) and US Nonfarm Payrolls in the US shift that could bring some end of week volatility on what looks otherwise as a relatively quiet Asian close for the week.