AUD/USD Fundamental Analysis October 26, 2012 Forecast

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AUD/USD Fundamental Analysis October 26, 2012 Forecast

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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