EURAUD SHORT
EURAUD SELL
FUNDAMENTAL:
EUR LEI is on decreasing side, with poor BP and NFP, along with CPI.
AUD on the other side is performing well on LEI, with better BP, Norders, IR, PPI, Govt, Budget
Scores informs us about strong position of AUD vs EUR
Ammar bhai's model shows us continuous sell from Apr24 on EURAUD, with 4 sell on Jun, 3 sell Jul, and 3 sell on Aug
Conditional scoring of AUD increasing very well, with more positive news. Whereas with EUR we see more negative news in past and current month.
EUR COT report's RSI has touched 100%, and shorts increasing. Whereas in AUD longs are increasing and shorts decreasing
Seasonality of EUR shows bearish trend till 10th of Sep, and AUD shows a small spike up.
Irone ore exports: "Overall global iron ore exports: In the first half of 2024, global exports increased by 5% compared to the same period in 2023. Australia accounted for 427 million tons of these exports, representing a 2% year-on-year increase"
Technical:
Shorts opened, bearish trend , 0.5% risk
eur index bearish and Aud index bullish
FUNDAMENTAL:
EUR LEI is on decreasing side, with poor BP and NFP, along with CPI.
AUD on the other side is performing well on LEI, with better BP, Norders, IR, PPI, Govt, Budget
Scores informs us about strong position of AUD vs EUR
Ammar bhai's model shows us continuous sell from Apr24 on EURAUD, with 4 sell on Jun, 3 sell Jul, and 3 sell on Aug
Conditional scoring of AUD increasing very well, with more positive news. Whereas with EUR we see more negative news in past and current month.
EUR COT report's RSI has touched 100%, and shorts increasing. Whereas in AUD longs are increasing and shorts decreasing
Seasonality of EUR shows bearish trend till 10th of Sep, and AUD shows a small spike up.
Irone ore exports: "Overall global iron ore exports: In the first half of 2024, global exports increased by 5% compared to the same period in 2023. Australia accounted for 427 million tons of these exports, representing a 2% year-on-year increase"
Technical:
Shorts opened, bearish trend , 0.5% risk
eur index bearish and Aud index bullish
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