A big jump in US PPI combined with the market coming to grips with the notion of an IMF gold sale has helped send that metal to fresh session highs and the upper-end of recent ranges at $1124.00.
AUD is firming right along with it, now at 0.9020 and oil is firm in its own right, back up to $79.12.
It is a testament to euro weakness that EUR/USD is hanging around the 1.36 level, barely a half-cent above recent lows while Gold is about $80 above its recent lows and oil is almost $10 above its nadir.
All the world is not a EUR/AUD seller. It is an extremely logical trade but is probably a bit crowded at present. Better to leg into that one buy covering a EUR short with a AUD long, if you get the opportunity, building a short EUR/AUD trade.