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At the moment eu/aud trading @1.5097/99 . In technical analysis eur/aud downtrend sentiment reached higher low spot @ 1.5094. I supposed sentiment grow up to 1.52000 untill further fundemental news. Tomorrow has release germanies IFO of march. Also Philip Lowe has some speech of economic news of the australia. There's economical news decide to eur/aud short term feature.
The IFO Expectations released by the CESifo Group is closely watched as an early indicator of current conditions and business expectations for the next six months, where firms rate the future outlook as better, same, or worse. An optimistic view of those 7,000 business leaders and senior managers is considered as positive, or bullish for the EUR, whereas a pessimistic view is considered as negative, or bearish.
Previously counted IFO- 108.3
The IFO Expectations released by the CESifo Group is closely watched as an early indicator of current conditions and business expectations for the next six months, where firms rate the future outlook as better, same, or worse. An optimistic view of those 7,000 business leaders and senior managers is considered as positive, or bullish for the EUR, whereas a pessimistic view is considered as negative, or bearish.
Previously counted IFO- 108.3
