12 May 2015
EUR/AUD: Dropping back on Aussie home loans surprise
FXStreet (Guatemala) - EUR/AUD is currently trading at 1.4095 with a high of 1.4141 and a low of 1.4091.
EUR/AUD has popped below the figure on the release of the latest news from Australia with homes loans for March beating expectations arriving in at 1.6% vs 1.0% consensus. Moving on, as this data is unlikely to cause any aftershocks, the big event today will come from European trade and whether Greece will pay the EUR750mn payment that is due to the IMF today.
There are growing concerns that Greece will not be able to make forthcoming due payments to the IMF and tomorrow will offer markets some guidance in this respect, while larger requirements are due in as soon as next month. Besides this, we also have the Australian 2015/16 federal budget coming up in early European session hours.
EUR/AUD is technically offered but momentum to the downside is slowing with descending resistance breached at 1.4138 in the US session while 1.4080 support holds the bears off with a double bottom.
EUR/AUD has popped below the figure on the release of the latest news from Australia with homes loans for March beating expectations arriving in at 1.6% vs 1.0% consensus. Moving on, as this data is unlikely to cause any aftershocks, the big event today will come from European trade and whether Greece will pay the EUR750mn payment that is due to the IMF today.
There are growing concerns that Greece will not be able to make forthcoming due payments to the IMF and tomorrow will offer markets some guidance in this respect, while larger requirements are due in as soon as next month. Besides this, we also have the Australian 2015/16 federal budget coming up in early European session hours.
EUR/AUD is technically offered but momentum to the downside is slowing with descending resistance breached at 1.4138 in the US session while 1.4080 support holds the bears off with a double bottom.