12 Feb 2015
EUR/AUD: Rises up to 1.4740 resistance; Awaiting Stevens
FXStreet (Guatemala) - EUR/AUD is currently trading back on the front foot at 1.4740 post a sharp decline in to the US session.
EUR/AUD was relatively choppy in Asia yesterday post the rally during the Greek meeting with Eurogroup event and the Australian jobs numbers thereafter, trading falling into between 1.4730 and 1.4800. The Australian's dropped 28.1k full time positions after gaining 46.4k in December and part time positions increased by almost 16k. Meanwhile, the Eurogroup meeting with Greeks FM didn't not come to any joint conclusions and more discussions will need to take place on Monday.
For today over in the EU and bordering states, Russia and Ukraine signed a peace document, with the ceasefire starting next Feb 15 and from the data, local Industrial Production data rose less than expected in December and November readings were revised lower.
And for later today in Asia, eye's on RBA's Stevens who will be observing the current Australian economy and the value of AUD while the weaker than expected Australian employment data has increased speculation of a rate cut next month.
EUR/AUD was relatively choppy in Asia yesterday post the rally during the Greek meeting with Eurogroup event and the Australian jobs numbers thereafter, trading falling into between 1.4730 and 1.4800. The Australian's dropped 28.1k full time positions after gaining 46.4k in December and part time positions increased by almost 16k. Meanwhile, the Eurogroup meeting with Greeks FM didn't not come to any joint conclusions and more discussions will need to take place on Monday.
For today over in the EU and bordering states, Russia and Ukraine signed a peace document, with the ceasefire starting next Feb 15 and from the data, local Industrial Production data rose less than expected in December and November readings were revised lower.
And for later today in Asia, eye's on RBA's Stevens who will be observing the current Australian economy and the value of AUD while the weaker than expected Australian employment data has increased speculation of a rate cut next month.