The EUR/AUD traded on a bearish momentum on Thursday as bears gain the upper hand. The European Central Bank (ECB) has alluded through posturing that it is set to “recalibrate its instruments” in today’s meeting. That said, we are likely to see a EUR500 billion increase in PEPP, which will be used to bolster monetary […]
Die EUR / AUD het Donderdag op 'n sywaartse manier deur die vroeë Europese sessie verhandel, aangesien die paar van die onlangse bullrun af is. Die Europese Unie het gister berig dat die werkloosheidsyfer in die Euro-gebied van 8.5% in September tot 8.4% in Oktober gedaal het, net soos ontleders voorspel het. Volgens 'n beampte van die BK Asset Management, […]
The EUR/AUD traded on a sideways bias into the early European session Thursday, as volatility across markets spike. All eyes are now on the European Central Bank’s meeting minutes release. Speculators expect an expansion in Quantitative easing, but the extent of the easing is unknown. Also, there are suspicions that the apex bank could opt […]
The EUR/AUD traded on a bullish tone above the 1.6250, as the focus moved to the European Union (EU) summit set to hold later today, where leaders will likely push for a coronavirus recovery fund. The Eurozone is on the brink of a renewed economic contraction with the second wave of the Coronavirus sweeping across […]
The EUR/AUD traded on a bullish tone in the early European session on Thursday, amid growing numbers of Coronavirus cases across the Eurozone. Global equity markets have been on a bull run this week following an upbeat COVID-19 vaccine announcement from pharmaceutical giant Pfizer (NYSE: PFE) and their German associate, BioNTech (NASDAQ: BNTX). However, the […]
The EUR/AUD traded on a bullish tone in the early European session on Thursday as both the Reserve Bank of Australia (RBA) and European Central Bank (ECB) strive towards a swift QE expansion. The Aussie (AUD) remained weak against the euro largely as a result of the impact of the global recession on Australia’s open […]
The EUR/AUD traded on a slightly bearish bias in the early European session on Thursday, following a spike to the upside yesterday despite the weakness in the EUR. For several days now, conditions have been tough for the commodity industry for which the AUD trades as a proxy, causing it to slide despite renewed COVID-19 […]
The price action surrounding the EUR/AUD continued on its back-and-forth sentiment on Thursday, as the global markets continue to experience a deficit of volatility or market-moving events. Meanwhile, the publication of ECB’s Accounts indicated that the recent appreciation of the exchange rate did not go unnoticed by members of the Governing Council. The Accounts reported […]
