Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Back

EUR/AUD holding onto intraday lift following Aussie stumble

  • Aussie waffles against the Euro as Yuan rate adjustment reverses flows.
  • Thin schedule for Tuesday will see market sentiment in the driver's seat.

The EUR/AUD climbed in Asia trading, spiking to 1.5443 before bedding back down to a bullish 1.5435 and the pair is now leaning back into Monday's decline.

The Aussie recoiled in early Tuesday after China set the Yuan benchmark over the 6.4 level for the first time since June of 2017, sending the Antipodeans lower across the board as risk flows sent traders into safe havens and punished the riskier assets.

Tuesday brings little of note for either currency on the macro calendar, and market flows continue to drive the broader market in a quiet week. The Italian political struggle could hamper the Euro looking forward as the failed government formation could see another round of elections acting as a proxy for public confidence in the Euro, but the Aussie continues to slump against most of its peers, struggling to develop bullish momentum against a backdrop of middling economic growth.

EUR/AUD levels to watch

The pair has been in a steady decline for the month of May, falling from the month's peak near 1.6050 and marking in a three-month low at 1.5371 in Monday's bearish outside candle. Bears will have to force the pair back below immediate support at today's low near 1.5395, while bulls will want to push past Monday's high at 1.5495 to invalidate the bearish outside signal.

Forex Today: Risk-off Asia drives Yen higher, Focus on Italy/ Spain politics and ECB-speaks

The Yen was outperformed the G10 currencies, as risk-off sentiment extended into Asia this Tuesday amid ongoing political angst in Europe, particularl
Read more Previous

FOMC: Dovish shift? – Nordea Markets

Analysts at Nordea Markets suggest that while we can read the Fed’s tolerance towards overshooting on inflation as dovish news, the primary reason beh
Read more Next