EUR/AUD Live News

This page provides live coverage and news analysis on the EUR/AUD currency pair

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Nov. 27, 2020

At 1.6139 EUR/AUD down to its lowest value in 4 months

(23:42) GMT

Having started at 1.6187 EUR/AUD dropped to 1.6139, hitting its lowest point in 4 months, later it recovered 52 pips and is now trading at 1.6191

This limbo state for EUR/AUD is reflected by market data published as France's Consumer Price Index came out at 0.2, while the projection was zero. Australia Private New Capital Expenditure (QoQ) (Q3) released earlier shows an improvement to -3 from the preceding data of -7.1, but falls short of the projected -1.5. France's HICP (MoM) beat the 0.1 projections, with 0.2.

The EUR/AUD nearest support level is too vague to call at the moment, resistance level is at 1.6773. At 1.6192, EUR/AUD made an initial breakout above the 3 day Simple Moving Average. The upper Bollinger band is at 1.6359, indicating a downward move might be next. Overall, looking at all the technical indicators, it seems EUR/AUD is neutral for the immediate future, with no clear-cut direction.

Meanwhile, mixed performances are seen elsewhere as the Aussie/Dollar is trading around 0.739 (up 32 pips). The New-Zealand Dollar is trading around 0.7027 (up 21 pips). The Canadian dollar is getting closer and is now only zero pips from the support line at 1.3006. Dipping below it might indicate further losses are ahead. EUR/NZD is trading around 1.7026 after starting the session at 1.7003 (up 0.13%).

Nov. 26, 2020

Steady EUR/AUD parks at 1.6181

(22:42) GMT

This in-between state for EUR/AUD is reflected by market data published as Australia's Private New Capital Expenditure (QoQ) (Q3) released earlier, shows an improvement to -3 from the preceding data of -7.1, but falls short of the projected -1.5. Germany GfK Consumer Climate (Dec) fell short of the -5 projections, with -6.7 and continued its downward trajectory from the previous figure of -3.2. Australia Construction Work Done (QoQ) (Q3) published on Wednesday at 12:30 AM came out at -2.6, falling short of the -2 projections and continuing its decline from the previous -0.7 figure.

Meanwhile, mixed performances are seen elsewhere, as a new 2 month high for the Australian dollar at 0.7378. The Canadian Dollar is trading around 1.3017 after starting the session at 1.3 (up 0.14%).

The EUR/AUD nearest support level is too vague to call at the moment, resistance level is at 1.6773. The lower Bollinger band is at 1.6093, indicating a positive move might be next. Overall, looking at all the technical indicators, it seems EUR/AUD might be pointing upward in the short term.

Data to be released later might clear up some of the fog for EUR/AUD as French Consumer Spending is projected to outperform the last figure at 2.9 while it previously stood at -5.1, data will be released tomorrow at 7:45 AM. French GDP is expected tomorrow at 7:45 AM. The French Consumer Price Index is expected tomorrow at 7:45 AM.

Nov. 25, 2020

EUR/AUD down to 1.6134, the last time it was this low was 4 months

(22:42) GMT

Having started at 1.6163, EUR/AUD dropped to 1.6134, hitting its lowest point in 4 months, later it recovered 43 pips and is now trading at 1.6177

The EUR/AUD green move takes place amid mixed market indicators – Germany's Business Climate Index released on Tuesday at 9:00 AM is better than expected at 90.7 but down from preceding data of 92.5 according to new data.

Meanwhile, Australia Construction Work Done (QoQ) (Q3) published today at 12:30 AM came out at -2.6, falling short of the -2 projections and continuing its decline from the previous -0.7 figure. Data for Germany's GDP released on Tuesday at 7:00 AM came out at -3.9, beating projections of -4.1 and showing improvement over the preceding figure of -11.3.

The nearest resistance level is at 1.6773. The lower Bollinger band is at 1.6048, indicating further gains might be next. Overall, looking at all the technical indicators, it seems EUR/AUD will continue pointing upward in the short term.

The Kiwi is trading around 0.7011 after starting the session at 0.6975 (down 0.51%). The EUR/NZD lost 48 pips from the start of the session, trading at 1.7 levels. USD/SGD dropped -0.13% (17 pips) to 1.34.

In the meantime, Aussie/Dollar hit 0.7376, highest rate in 2 months.

The market is looking forward to the Euro Zone ECB Publishes Account of Monetary Policy Meeting which is expected tomorrow at 11:30 AM. The Euro Zone ECB Monetary Policy Statement is excepted tomorrow at 12:30 PM. Australia Private New Capital Expenditure (QoQ) (Q3) projected to outperform last figure at -1.5 while it previously stood at -5.9, data will be released tomorrow at 12:30 AM. Germany's GfK Consumer Climate (Dec) is expected to come out at -5 when it's released tomorrow at 7:00 AM, This is a decline from the preceding data which was -3.1.

Nov. 24, 2020

At 1.6115 EUR/AUD down to its lowest value in 4 months

(22:42) GMT

After opening at 1.6246, EUR/AUD dropped to its lowest point in 4 months at 1.6115. It later recovered 42 pips and is now trading at 1.6158.

This downslide might be related to financial indicators data published earlier, as the Germany's Business Climate Index released today at 9:00 AM is better than expected at 90.7 but down from preceding data of 92.5 according to new data.

Meanwhile, Germany's GDP beat expectations of -4.1 with new data release of -3.9. This is also a step forward from the previous data of -11.3. Germany's Current Assessment (Nov) released today at 9:00 AM is better than expected at 90 but down from preceding data of 90.4 according to new data.

The EUR/AUD nearest support level is too vague to call at the moment, resistance level is at 1.6773. The lower Bollinger band at 1.6045, indicating a positive correction might be next. Overall, looking at all the technical indicators, it seems EUR/AUD might reverse course and start pointing upward in the short term.

Taking a wider perspective, performance of these other symbols usually suggests a setback for EUR/AUD as the Canadian Dollar lost 84 pips from the start of the session, trading at 1.2996 levels. The New-Zealand Dollar is trading around 0.6975 (up 51 pips). The EUR/NZD lost 54 pips from the start of the session, trading at 1.7051 levels.

At the same time, Australian dollar rallied beyond 0.7369 for the first time in 2 months.

The market will be looking forward to the upcoming release of the following indicators: Australia's new Construction Work Done (QoQ) (Q3) data will be available tomorrow at 12:30 AM. Data is expected to decline to -2 from its previous value of -0.7. France Jobseekers Total is expected tomorrow at 11:00 AM. German Buba Mauderer's speech is scheduled tomorrow at 7:40 AM. The Euro Zone ECB Financial Stability Review is scheduled for tomorrow at 9:00 AM.

Nov. 23, 2020

Steady EUR/AUD parks at 1.6244

(22:42) GMT

This in-between state for EUR/AUD is reflected by market data published as Euro Zone Services PMI fell short of the 42.5 projections, at 41.3 and continued its downward trajectory from the previous figure of 46.9. The Euro Zone Composite PMI fell short of the 45.8 projections, with 45.1 and continued its downward trajectory from the previous figure of 50. The Euro Zone Manufacturing PMI released today at 9:00 AM is better than expected at 53.6 but down from the preceding data of 54.8 according to new data.

Meanwhile, mixed performances were seen elsewhere as the Australian dollar rallied beyond 0.7339 for the first time in 2 months. The Canadian dollar trades with no major change, around 1.3081.

At 1.624, EUR/AUD made an initial breakout below the 10 day Simple Moving Average. The EUR/AUD nearest resistance level is at 1.6773.

Data to be released later might clear up some of the fog for EUR/AUD as Germany's Business Climate Index is projected to come out at 90.7 – worse than previous data of 92.7, Data will be released tomorrow at 9:00 AM. Euro Zone ECB President Lagarde's speech is set for tomorrow at 2:00 PM. Germany's new Current Assessment (Nov) data will be available tomorrow at 9:00 AM. Data is expected to decline to 87.2 from its previous value of 90.3.