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The US data was followed yesterday, while Easter holidays starting on Friday caused shallow prices on the parite side. The manufacturing Purchasing Managers Index (PMI), which was announced by the resource management Institute (ISM), did not meet market expectations with 59.3 and 60.1. The manufacturing PMI data announced by Markit was also below expectations. On the other hand, trade wars between the United States and China continue to intensify. In the euro zone, the outcome of the coalition t…
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From (-119 pips loss to a +278 pips win) !!!.
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EUR/ AUD pending order payed big time on RBA news
Several days ago when i was analizing several pairs for the tehnical analysis contest i also took a look at the EUR/AUD. I didn't suceed to post on time this analysis but the work done wasn't in vain. I rembered this pair because it has an excelent potential for a bullish run of at least 300-500 pips very soon. My point here is also backed by recent RBA necesity for a weaker aussie to boost the economy rather than a last resort solution like an interest rate cut,which they said is
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