AUD/USD Fundamental Analysis October 25, 2012 Forecast

Posted October 24, 2012 6:30 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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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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