Will EUR/AUD go lower?

[farmerjohn1324]

Why is Cad getting weaker than Aud? Aluminum have more global influence than oil?

It's certainly not a 1:1 correlation. Much more nuanced.

 

[Gazillionaire]

It's certainly not a 1:1 correlation. Much more nuanced.

Stagflation is more confusing than 2008 crisis (where risk on/off forex pair like jpy pairs move in same direction as indices).

 

[farmerjohn1324]

Stagflation is more confusing than 2008 crisis (where risk on/off forex pair like jpy pairs move in same direction as indices).

How did CHF do during 2008?

What actually did well during 2008? I believe USD actually.

 

[Gazillionaire]

How did CHF do during 2008?
What actually did well during 2008? I believe USD actually.

I recalled Usd/jpy like all jpy pairs went in the same direction as indices though it was less volatile. The three most volatile were Nzd/jpy, Aud/jpy and Gbp/jpy.
Gbp/chf decline was big too but not as much as Gbp/jpy which meant chf was about 3rd in strength ranking compared to usd(no.2) and yen(no.1) in 2008.

 

[David's faith]

I believe AUD is correlated to many other commodities other than gold. Definitely aluminum, probably copper as well.

Aluminum ore (bauxite) is one of Australia's main exports.

Coal is key. China needs it more then ever.

 

[kroxobor]

Commodities are rising means AUD will stay supported. Also Euro seems to be overwhelmed with recoil from Russian sanctions and energy security risks so it looks like outlook for returns on European assets is worsening. Medium-term EURAUD and EURUSD short positions look quite justified in this situation.

 

[farmerjohn1324]

Commodities are rising means AUD will stay supported. Also Euro seems to be overwhelmed with recoil from Russian sanctions and energy security risks so it looks like outlook for returns on European assets is worsening. Medium-term EURAUD and EURUSD short positions look quite justified in this situation.

I think so too. But I am seriously hurting because of the pullback yesterday. I'm crossing my fingers it turns around soon.

 

[Volable]

The market is already quite unpredictable and this whole Russia-Ukraine war situation has added to the unpredictability. I’m not too optimistic about the performance of EUR at the moment. Any clarity on this currency pair is only possible once the war gets over.

 

[Svetlana Loboda]

i am also.

 

[Gnomonn]

Due to supply limitations of commodities and geopolitical tensions between Ukraine and Russia has led to increasing inflation resulting in pressurising the Eurozone.
The euro market is bearish and I am not preferring to trade this pair