AUD/USD Fundamental Analysis August 23, 2012 Forecast

Posted August 22, 2012 5:39 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendation:

The AUD/USD is trading at 1.0454 as China’s economic problems weigh on the currency. Yesterday the Chinese Premier indicated that monetary stimulus would be offered, it is the question of when. Stimulus from China would support the AUD, one of its major trading partners. The Australian dollar has backed away from a previous high above 105 US cents, ahead of an important central bank release in the US.

Global factors are the main influence on the Aussie currency, ahead of an important release from the US Federal Open Market Committee.

Positive sentiment in the markets and risk on attitudes should help support the Aussie. After Chancellor Merkel and her party seems to ease their stance.

FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.

Economic Data August 23, 2012 actual v. forecast

Date	Currency	Event	Actual	Forecast	Previous
Aug. 22	JPY	Trade Balance	-0.33T	-0.46T	-0.32T
	AUD	MI Leading Index (MoM)	0.5%		0.9%
	TWD	Taiwanese Unemployment Rate	4.25%	4.30%	4.24%

Upcoming Economic Events that affect the AUD, NZD, JPY and USD

Date	Time	Currency	Event	Forecast	Previous
Aug 23	7:30pm	AUD	RBA Gov Stevens Speaks
	8:00pm	AUD	CB Leading Index m/m		0.4%
	3:45am	JPY	BOJ Gov Shirakawa Speaks
	8:30am	USD	Core Durable Goods Orders m/m	0.5%	-1.4%
Aug 24	1:00am	AUD	CB Leading Index m/m
	8:45am	JPY	BOJ Gov Shirakawa Speaks		0.4%
	1:30pm	USD	Core Durable Goods Orders m/m	0.5%	-1.4%
	1:30pm	USD	Durable Goods Orders m/m	2.8%	1.3%

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About: FX Empire Analyst - Barry Norman

Barry produces a private Daily Market Review newsletter that is distributed around the globe to over 25,000 subscribers and recently published a book on Options Trading that is available from amazon.com

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