ORBEX: EURUSD and AUDUSD Reach Critical Intersection!
The Coronavirus keeps spreading, weakening Aussie despite the upbeat jobs numbers as markets take a less risky approach to the heightening threat.
Technicals indicate that Aussie and Euro move hand to hand, with the former falling following a ‘holding’ ECB! Now both are corrective and at a trendline low!
Pound, on the other hand, does relatively well as rate cut expectations diminish! Will it continue long? Well, PMIs could tell...
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
Technicals indicate that Aussie and Euro move hand to hand, with the former falling following a ‘holding’ ECB! Now both are corrective and at a trendline low!
Pound, on the other hand, does relatively well as rate cut expectations diminish! Will it continue long? Well, PMIs could tell...
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
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