EUR: EURAUD highest since October 2020
Apr-26 08:04
- The Aussie is feeling the pinch, and the more interesting Currency this morning, given the Risk Off tone and the lower core inflation data for Australia.
- The AUD test new lows against the EUR, AUD, JPY, and the EUR is the best performer, with the latter trading at it highest levels since 29/10/20.
- The high on that day was at 1.6687 and will be the small resistance, but most market participants will have their eyes on 1.6827, the October 2020 high.
Chart source: MNI/Bloomberg
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MNI: GERMANY MAR IFO BUSINESS CLIMATE 93.3 (FCST 91.0); FEB 91.1
Mar-27 08:01
- MNI: GERMANY MAR IFO BUSINESS CLIMATE 93.3 (FCST 91.0); FEB 91.1
- GERMANY MAR IFO CURRENT COND 95.4 (FCST 94.1); FEB 93.9
- GERMANY MAR IFO EXPECTATIONS 91.2 (FCST 88.3); FEB 88.4r
MNI: GERMANY MAR IFO BUSINESS CLIMATE INDEX 93.3
Mar-27 08:00
- MNI: GERMANY MAR IFO BUSINESS CLIMATE INDEX 93.3
CROSS ASSET: Waning Risk Sentiment Drags Equities, Boosts Dollar
Mar-27 07:53
- Early fade in the USD has now fully reversed, with the USD Index recovering firmly off lows to wholly reverse the 30 pip rally in GBP/USD, EUR/USD and others.
- Greenback strength returning in force as equities fade fast following the European open, as support for European banks provides only brief support for headline indices.
- No headlines or newsflow behind this reversal in equity prices, but underscores that the ebb and flow of risk sentiment remains the key driver for assets here.
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Mar-27 20:13
