Fundamental Analysis:
My expectative for the EUR is bearish in the long term, because its monetary policy is quantitative easing, securities from the market in order to lower interest rates and increase the money supply.
For the AUD my sentiment in the long term is neutral, as the RBA are expected to remain on hold for the foreseeable future with futures markets currently pricing only a 5% chance of a cut at March's meeting. The main risks to my neutral view would be Australian inflation which continues to remain below target and subdued economic growth as Australia continues its transition from a mining/exporting based economy to a services based economy.
Sentiment Analysis:
By the COT´s datas, we can see that the non comercial are strong short for the EUR, but for the AUD the sentiment is bullish. This s a good confirmation the the price of EURAUD will continue to falling.
Technical Analysis:
EURUAD has been is a strong bear trend in the lasts months, we can see a ABCD pattern in a bear channel .
My expectative for the EUR is bearish in the long term, because its monetary policy is quantitative easing, securities from the market in order to lower interest rates and increase the money supply.
For the AUD my sentiment in the long term is neutral, as the RBA are expected to remain on hold for the foreseeable future with futures markets currently pricing only a 5% chance of a cut at March's meeting. The main risks to my neutral view would be Australian inflation which continues to remain below target and subdued economic growth as Australia continues its transition from a mining/exporting based economy to a services based economy.
Sentiment Analysis:
By the COT´s datas, we can see that the non comercial are strong short for the EUR, but for the AUD the sentiment is bullish. This s a good confirmation the the price of EURAUD will continue to falling.
Technical Analysis:
EURUAD has been is a strong bear trend in the lasts months, we can see a ABCD pattern in a bear channel .