EUR/AUD Live News

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

Advertiser Disclaimer
Top8forexbrokers would like to remind you that the data contained in this website is not necessarily real-time nor accurate.Prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Top8forexbrokers does not bear any responsibility for any trading losses you might incur as a result of using this data.
Top8forexbrokers or anyone involved with Top8forexbrokers will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Apr. 19, 2024

After 10 days of declines, Euro-Aussie dollar is up 27 pips today

Live - Updated 18 minutes ago.

After closing at 1.6572 yesterday, Euro-Aussie dollar began today at 1.657 with significant bullish sentiment driving Euro-Aussie dollar's price action higher. So far today, price action has drawn out a distinct 1.656 to 1.6682 range.

At the same time, Germany Producer Price Index came out at 0.2%, better than analyst estimates of 0% and improving upon the previous reading of -0.4%. Australia Employment Change published yesterday at 01:30 UTC came out at -6,600, falling short of the 7,200 projections and continuing its decline from the previous 117,600 figure. Australia Unemployment Rate released yesterday at 01:30 UTC is better than expected at 3.8 but down from preceding data of 3.7 according to new data.

With regards to technical trend indicators, chart analysis show that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Price action overcame a known Fibonacci resistance level at 1.6571 by around 26 pips with prices hammering out a 1.656 – 1.6682 session range. Asset volatility analysis shows that Euro-Aussie dollar's upper Bollinger Band® is at 1.6625, this is a slight indication of a slowdown. A study of Euro-Aussie dollar's historical price actions shows Euro-Aussie dollar broke through the 1.6572 resistance, climbing 26 pips above it.

Overall, while Euro-Aussie dollar has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Other currencies are also rising as GBP/NZD added 0.3% to its value, now trading at 2.1122. EUR/NZD gained 0.3% and is currently trading at 1.808.

While Euro-Aussie dollar is up today, these currencies are lagging behind: USD/CHF closed at 0.9086 (down 0.4%).

Also worthy of note, Germany Buba President Nagel speech is expected today at 19:00 UTC. Australia CFTC AUD speculative net positions scheduled to come out today at 19:30 UTC. Euro Zone CFTC EUR speculative net positions is scheduled for today at 19:30 UTC.

Trading mostly sideways for a month. Euro-Aussie dollar has managed to gain 315.3% so far this year despite trading at lows around 1.5906 previously.

follow us:

Week to date

Euro-Aussie dollar ends yesterday stable around 1.66 .

Trading week at a glance - EUR/AUD is up to 1.66, after closing yesterday at zero. Overall, a 0% move or 16,600 pips this week. (Trade Euro-Aussie dollar with FXTM now).

At the same time, Euro Zone Consumer Price Index released Wednesday with a figure of 2.4%, while the previous figure was 2.6%. Data for Germany Producer Price Index published today at 06:00 UTC came out at 0.2%, beating projections of 0% and showing improvement over the preceding figure of -0.4%. Employment Change in Australia fell short of market expectations (7,200) with a reading of -6,600, continuing the decline from the previous figure of 117,600. Data for Australia Unemployment Rate released yesterday at 01:30 UTC is better than expected with 3.8, but worse than previous figure of 3.7. Australia Full Time Employment data released yesterday at 01:30 UTC showed continuing decline to 27,900 from a previous figure of 79,400.

Elsewhere, Germany Manufacturing PMI is expected Tuesday. Germany 10-Year Bund Auction is expected Wednesday. Australia Consumer Price Index is expected Wednesday.