EURAUD trend & momentum 5-Jan-2015

A new year's market has started with strong USD. AUD has been bullish, too, against other major currencies such as GBP, EUR or JPY by the end of 2014.
 The trend and momentum indicates EURAUD  is expected to be upward for a coming week, possibly by trend reversal against last Dec.
AUD is considered sensitive to oil prices, and it could easily jump due to the oil price jumping.

EURAUD Trend & Momentum 21-Nov-2014 (Following)

This is following to the last post about EURAUD Trend & Momentum.

EURAUD has gown down steeper pace than expected and now it is staying around 1.428. The market analysts say this could be because of Mario Draghi's speech today, who is a president of ECB, and Chinese interest rate has been cut unexpectedly after two years.

Ref)
Reuters-> http://uk.reuters.com/article/2014/11/21/uk-ecb-draghi-inflation-idUKKCN0J50NP20141121

EURAUD Trend & Momentum 20-Nov-2014

EURAUD has steeply gone up since beginning of this week, and it has reached above the peak for last two weeks.

The latest trend & momentum indicates EURAUD is turning into downward trend gradually in next one week, targeting around the range 1.42 - 1.43.

While additional QE is expected in Eurozone, monetary policy in Australia is seen neutral and the interest rate is expected to be going up in earlier next year. Fundamentally, AUD is likely stronger against EUR.


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EURAUD Trend & Momentum - 17-Nov-2014

AUD and  NZD has been much stronger against most of major currencies including GBP, EUR, USD and JPY. While those major economies are still struggling about economic growth or market liquidity though US economy is relatively competitive, AUD or NZD can be fundamentally stronger against other major currencies. Australian interest rate is expected to be risen early next year.

 Although AUD fundamentally has room to stay stronger, trend & momentum indicates EURAUD will be reversed to be up in this week.

AUDUSD Trend & Momentum 14-Nov-2014

AUD has been stronger than major currencies, USD, EUR, GBP or JPY for last one week. NZD has been stronger as well as AUD.

The trend & momentum in AUDUSD shows that it will be turned into downward trend in a coming week. Unless particular news or surprise are coming up early next week, AUDUSD and cross-AUD FX can be adjusted, following to the indicators.

However, GBP, EUR and JPY would be still weaker than other major currencies due to their monetary policies. It means that the strength of trend reversal in GBPAUD, EURAUD and AUDJPY will be limited, comparing with AUDUSD.


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Australian Dollar cash rate at 2.50% more than 12 months

RBA still hold cash rate at 2.50% record low for more than 1 year after the cash rate had gone down in large scale from 2012 to 2013.

Some of the analysts start expecting the cash rate hikes early next year. Once market consensus focus on the increasing rate, cross-AUD pairs will have more clear direction and AUD will be stronger against several currencies.

Source: http://www.news.com.au/finance/money/rba-keeps-interest-rates-on-hold-in-september/story-e6frfmci-1227045102271

EURAUD Trend & Momentum 26-Jul-2014

EURAUD has been gradually declined over the last 2 weeks while AUD has been stronger against several currencies such as USD, GBP or JPY.

Risk of further declining EURAUD remains, but for seeking the trend reversal, the trend & momentum signal indicates EURAUD get trend reversal to go up in next one week.

On the other hand, observed AUD in last 2 years, AUD had been weaken against most of the currencies due to several factors including Australian monetary policy. The economic situation seems be improved and the inflation pressure is still higher, and the long term trend reversal cannot be ignored for your trading position.

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