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 Monday

German SPD vote:

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

Italy:

• 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

Locally:

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

plus

• 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?