AUD/USD Fundamental Analysis October 25, 2012 Forecast

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AUD/USD Fundamental Analysis October 25, 2012 Forecast

AUD/USD Fundamental Analysis October 25, 2012 Forecast

Analysis and Recommendation:

The AUD/USD has had a busy morning today climbing to trade at 1.0315 after strong data from China and the Australian CPI print that showed an increase in inflation. The Aussie dollar was moved firstly by its own inflation report, which was higher than expected, and then we had the Chinese manufacturing report which was stronger than expected – which both moved the Aussie higher. The stronger inflation report has eased predictions that the RBA would drop rates at its next meeting. China flash PMI printed at 49.1 vs 47.9 prior the strongest since July adding to the bulls party, which follows a hotter-than-expected Australia CPI print in Q3.

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 October 24, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

Oct. 24

 

AUD

 

 

CPI (QoQ) 

1.4%

 

1.1% 

 

0.5% 

 

 

 

AUD

 

 

Trimmed Mean CPI (QoQ) 

0.7%

 

0.6% 

 

0.5% 

 

 

 

CNY

 

 

Chinese HSBC Manufacturing PMI 

49.10

 

 

 

47.90 

 

 

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

Date

Time

Currency

Event

Forecast

Previous

 Oct. 25

13:30

USD

Core Durable Goods Orders (MoM) 

0.8% 

-1.6% 

 

13:30

USD

Durable Goods Orders (MoM) 

7.1% 

-13.2% 

 

13:30

USD

Initial Jobless Claims 

370K 

388K 

 

13:30

USD

Continuing Jobless Claims 

3255K 

3252K 

 

15:00

USD

Pending Home Sales (MoM) 

2.1% 

-2.6% 

 

22:45

NZD

Trade Balance 

-825M 

-789M 

Government Bond Auction

Date Time Country 

Oct 25 00:30 Japan 

Oct 25 09:10 Sweden 

Oct 25 15:30 Italy  

Oct 25 17:00 US 

Oct 26 09:10 Italy

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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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