Where to for the AUD/USD — a guide to the minefield ahead today

There are a huge number of variables in play for the Australian dollar today  In order of importance I reckon they are:
3 hot (not just) forex talking points for MondayGerman SPD vote:

  • German SPD confirms that members voted in favour of coalition deal


  • It’s all about the Italian election. What to watch for
  • Italian election update

Steel yourself …

  • Trump shoots back on EU tariffs (and other international complaints)
  • There will be no exemptions to US steel tariff — report


  • Inventories data, which will go into Q4 2017 Australian GDP due Wednesday


  • Q4 company profits, also to go into the GDP data due March 7

And …

  • Australia data preview — January building approvals

But wait, there is more:

  • ANZ job ads for February
  • China services and composite PMI for February

Surprises in any (or all!) of the above (I guess the German SPD stuff is out of the way now though — see the link re this above) can impact on the AUD, plenty of grenades in there

Daily AUD chart — maybe simple is best today?

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