European Markets are understandably downbeat in early trade today following the shocking events of the weekend, which ramped up concerns over a complete breakdown of the NATO coalition.

A new year, but the markets have the same issues as another potential trade war emerges.

The AUD/USD forecast remains neutral to bullish as safe-haven flows limit the gains while a weaker dollar supports the pair.

European stock markets opened sharply lower on Monday following the escalation of trade risks after US President Donald Trump’s statements regarding potential new tariffs on goods from eight European countries.