Double Position on EURAUD.
Australia are late in the inflation stages and because of it in rates.
They are envisaged to hike rates which will push AUD up and in front of that EUR are getting a soft landing, finished rates hiking and will soon cut.
Market sentiment envisaged a Euro Area cut sooner than other majors currencies which will decrease the euro value.
European Union is still facing a problem: cutting before the FED will make EURUSD fall and get proximity with the parity. (=inflation rebound)
Australia are late in the inflation stages and because of it in rates.
They are envisaged to hike rates which will push AUD up and in front of that EUR are getting a soft landing, finished rates hiking and will soon cut.
Market sentiment envisaged a Euro Area cut sooner than other majors currencies which will decrease the euro value.
European Union is still facing a problem: cutting before the FED will make EURUSD fall and get proximity with the parity. (=inflation rebound)