AUD/USD Fundamental Analysis July 24, 2012 Forecast

Posted July 23, 2012 6:46 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendation:

The AUD/USD is exchanging this morning at 1.0312 dipping a bit against a strong USD. The USD has gained momentum, as the Eurozone collapses. Over the weekend it was announced that the EU had suspended funding to Greece, leaving markets in turmoil. On Friday, Spain’s borrowing costs skyrocketed.

On this news the euro has tumbled to record lows breaking below 1.21 this morning. As investors run for the hills the JPY and the USD are adding momentum.

This morning in OZ, the PPI reported in well over forecast, adding some positive strength to the Aussie.

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 July 23, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Jul. 23

TWD

Taiwanese Unemployment Rate

4.24%

4.30%

4.25%

AUD

PPI (QoQ)

0.5%

0.3%

-0.3%

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

Date	Time	Currency	Event	Previous
Jul 24	13:00	USD	Flash Manufacturing PMI	52.5
	22:45	NZD	Trade Balance	301M
	23:50	JPY	Trade Balance	-0.66T
Jul 25	0:00	AUD	CB Leading Index m/m	-1.4%
	1:30	AUD	CPI q/q	0.1%
	1:30	AUD	Trimmed Mean CPI q/q	0.3%
	14:00	USD	New Home Sales	369K
	14:30	USD	Crude Oil Inventories
	21:00	NZD	Official Cash Rate	2.50%
	21:00	NZD	RBNZ Rate Statement
Jul 26	0:10	JPY	BOJ Gov Shirakawa Speaks
	12:30	USD	Core Durable Goods Orders m/m	0.7%
	12:30	USD	Unemployment Claims
	14:00	USD	Pending Home Sales m/m	5.9%
	23:30	JPY	Tokyo Core CPI y/y	-0.6%
	23:50	JPY	Retail Sales y/y	3.6%
Jul 27	12:30	USD	Advance GDP q/q	1.9%
Jul 27	13:55	USD	Revised UoM Consumer Sentiment	72.0

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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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