EUR/AUD News & Analysis

Recent EUR/AUD Forex News

Charts Show Big Lag in Commodity FX

We have been seeing a breakaway in FX, where the major currencies are performing a lot better, led by the Euro.

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Dissecting the Euro...Again

It's a bit of a game here with the Euro right now and we just have to sit bac...

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The Bigger H&S Top Prospect

So not much going on into Monday, though the Euro could still be looking for ...

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Will USDJPY Finally Break 110.00 Today?

USDJPY has been avoiding a break of the 110.00 barrier in recent sessions but...

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Breaking Down EURUSD

It's super important you are aware of the technical situation with EURUSD rig...

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Why USDJPY Still Has Another Big Drop Ahead

USDJPY has rallied after failing to break below 110.00 in the previous week. ...

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Back to Aussie

As you know, I've been a fan of buying EURAUD in recent weeks, and after gett...

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Explore Currency Pairs

The Euro cross with the Australian Dollar (EUR/AUD) currency pair is always an exciting pair to trade. More often than not this exchange rate is used when market participants are looking to trade a market tied to risk, without the US Dollar variable and without needing to be exposed to too much risk through emerging markets. In short, this is a market used to play the risk trade within the developed currency basket. 

While the Eurozone economy is the largest in the world amongst the developed markets and second largest in the world behind China, the Australian economy is seen as an economy more inclined to move with the ties of risk sentiment. As far as the Australian economy goes, it is focused on commodities as reflected through its shipping of energy products and ferrous metals  mining. The Australian economy is also heavily correlated to the Chinese economy which is more closed off to global investors, which often makes EURAUD an attractive play as a proxy for a play on China relative to the Eurozone. So if you’re looking to make a play on risk, if you're looking to make a play involving Europe and commodities or if you're looking to make a play on China, the EURAUD pair could be the way to go.