A Great Forex Session for the Euro, Aussie and the Pound!
A great forex session unfolded for the euro, Aussie, and pound. These currencies showed strong moves. Buying pressure dominated. Traders spotted high-probability opportunities in EUR, AUD, and GBP pairs.
An excellent forex trading session with Anna and David of Quantum Trading, as Europe opens and followed by London. The focus this week was on the euro and the pound, with Anna tracking the GBP/USD as strong pound buying is counterbalanced by US dollar selling, but as always with an eye on the London open where reversals are always likely as this major centre opens for the trading day. One to watch at present is also the Swiss franc, not only for safe haven flows but also as result of the problems in Italy and the Italian banks, with many moving their cash across the border and into Switzerland as a result, so selling euros and buying the franc, so one to watch over the next few days and weeks.
EUR/AUD
The euro Aussie is always an interesting pair to trade through Europe and into London as the strong cross flows from the Southern Hemisphere, then melds into the European currency markets. The currency strength indicator flagged this brilliantly with the euro rising strongly on the faster timeframes, and the Aussie dollar being sold with equal strength and so building a great trend higher. The currency array confirmed the sentiment for the Aussie dollar with the currency heatmap then confirming the longer term bearish sentiment for both the Aussie and New Zealand dollar.
Volume Price Analysis Highlights
Volume price analysis (VPA) confirmed the strength. Up candles widened with rising volume. This showed conviction from buyers. Low volume pullbacks signaled weakness in sellers. Quantum currency strength indicator ranked EUR, AUD, and GBP high.
Why These Currencies Delivered
The session favored commodity and growth-linked currencies. Euro gained on policy hints. Aussie benefited from risk-on flows. Pound held firm on data. Quantum matrix revealed relational edges. Trend Monitor stayed aligned bullish.
Trading Lessons from the Session
Great sessions like this reward preparation. Enter on volume-confirmed pullbacks. Stay in moves longer. Anna Coulling’s VPA approach with Quantum tools turns volatility into consistent profits. Focus on aligned currencies for better results.
This was a great forex session indeed. Euro, Aussie, and pound delivered clear signals. Quantum indicators make spotting and trading them reliable.
Why the Aussie Dollar Is So Reliant on China
The Australian dollar (AUD), often called the “Aussie,” is a classic commodity currency. Its value ties closely to global demand for raw materials. No country influences it more than China. Traders watch Chinese data for AUD clues. Volume price analysis (VPA) confirms reactions.
China: Australia’s Largest Trading Partner
China buys around 30-35% of Australia’s exports. This makes it the dominant partner. Key commodities:
- Iron Ore: Australia’s top export—China uses it for steel.
- Coal and LNG: Energy demand from China’s industry and cities.
- Gold and Other Metals: Industrial and investment flows.
Strong Chinese growth boosts commodity prices. This lifts AUD. Weakness or slowdown pressures it lower.
How Chinese Demand Drives AUD
China’s economy expands—AUD strengthens. Infrastructure and manufacturing spike commodity needs. Capital flows in. Risk-on sentiment amplifies. VPA shows conviction—high volume on AUD upmoves during positive China data.
China slows—AUD weakens. Lower demand hits exports. Risk-off favors safe-havens. Quantum currency strength indicator ranks AUD low in slowdowns.
Practical Trading Insights
Watch Chinese data releases (PMI, GDP, trade balance). Strong figures = AUD bullish bias. Weak = bearish. VPA confirms—high volume on moves validates direction. Quantum matrix shows AUD relational extremes vs USD or JPY.
Anna Coulling’s VPA approach with Quantum tools turns China dependency into disciplined trades.
The Aussie’s reliance on China creates predictable setups. Commodity links make it relational. Quantum indicators reveal strength fast. Trade AUD with China context and VPA confirmation.
The Canadian Dollar’s Reliance on Oil and Key Fundamentals
The Canadian dollar (CAD), often called the “Loonie,” is a classic commodity currency. Its value ties closely to oil prices and global demand. Canada is a major oil exporter. This creates strong correlations. Traders watch oil for CAD clues. Volume price analysis (VPA) confirms reactions.
Oil: The Dominant Driver
Canada ranks among top oil producers. Exports (mostly to US) drive revenues. Rising oil prices boost CAD. Strong WTI or Brent lifts USD/CAD lower (bearish pair). Falling oil pressures CAD weaker—USD/CAD rises.
This “petro-currency” link is direct. EIA inventories or OPEC decisions move CAD sharply. VPA spots conviction—high volume on CAD moves during oil spikes validates strength.
Other Fundamental Influences
Beyond oil:
- Interest Rates and BoC Policy: Bank of Canada hikes attract capital—CAD up. Cuts weaken it.
- US Economy: Close trade ties—strong US data supports CAD (growth partner).
- Risk Sentiment: Risk-on favors commodity currencies like CAD. Risk-off boosts safe-havens.
Quantum currency strength indicator ranks CAD live on these drivers. Matrix shows relational flows (e.g., vs USD or JPY).
Trading CAD with Oil Correlation
Watch oil futures (/CL) alongside USD/CAD. High oil + volume support = short USD/CAD. Low oil = long USD/CAD. VPA confirms—high volume reactions validate direction.
Anna Coulling’s VPA approach with Quantum tools turns CAD’s oil reliance into disciplined trades. Quantum indicators make spotting impacts reliable.
The Canadian dollar’s oil reliance creates predictable setups. Fundamentals drive it. VPA with Quantum delivers the edge.
By Anna Coulling