AUD/USD Fundamental Analysis October 26, 2012 Forecast

Posted October 25, 2012 6:05 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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AUD/USD Fundamental Analysis October 26, 2012 Forecast

Analysis and Recommendation:

The AUD/USD climbed along with most of the commodity currencies after a positive print in China on Wednesday. The HSBC PMI report was better than forecast and higher than previous months, indicating a change for the better in China, but the report was at 49.1 which are still below the 50 number that indicates expansion. The AUD is trading at 1.0362.

Yesterday, new home sales in the US printed above expectations and the Federal Reserve maintained its current policy.

Figures this week showed Australia’s consumer price index (CPI), the key measure of inflation, rose 1.4 per cent in the September quarter, above the 1.1 per cent rise economists had expected.

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 25, 2012 actual v. forecast

Date	Currency	Event	Actual	Forecast	Previous
Oct. 25	JPY	CSPI (YoY)	-0.5%	-0.4%	-0.3%
	PHP	Philippines Trade Balance	-1259.0M	-640.0M	-236.0M
	JPY	2-Year JGB Auction	0.098%		0.100%
	SGD	Singaporean Industrial Production (YoY)	-2.5%	1.9%	-2.3%
	THB	Thai Industrial Production (YoY)	-13.7%	-9.9%	-11.3%

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

Date	Time	Currency	Event	Forecast	Previous
Oct. 26	00:30	JPY	Tokyo Core CPI (YoY)	-0.5%	-0.4%
	13:30	USD	GDP (QoQ)	1.9%	1.3%
	14:55	USD	Michigan Consumer Sentiment	83.0	83.1

Government Bond Auction

Date Time Country

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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