AUD/USD Fundamental Analysis September 24, 2012 Forecast

Posted September 21, 2012 5:38 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendation:

The AUD/USD is trading this morning at 1.0476 gaining .39% on the hopes that an injection of liquidity in China by the PBoC will help start up the slowing economy, which will benefit the Aussie as China is a major trading partner.

The AUD was the currency which reacted most adversely to the weak Chinese data yesterday. HSBC Flash purchasing managers’ index numbers for September showed activity in the country’s manufacturing sector rose less that the market had expected to 47.8 from 47.6 in August.

With stimulus from Japan and China introduced this week and the US and ECB moves last week, commodity currencies should benefit all around.

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 September 21, 2012 actual v. forecast

Date	Currency	Event	Actual	Previous
	NZD	Visitor Arrivals (MoM)	5.4%	-3.3%
	AUD	CB Leading Index (MoM)	0.0%	0.5%
	NZD	Credit Card Spending (YoY)	1.0%	0.1%

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

There is no Tier 1 or 2 data scheduled for the 24th, only local and regional reports.

Government Bond Auction

Date Time Country

Sep 24 09:10 Norway

Sep 24 09:30 Germany

Sep 24 10:00 Belgium

Sep 24 15:30 Italy

Sep 25 08:30 Holland

Sep 25 08:30 Spain

Sep 25 09:10 Italy

Sep 25 14:30 UK

Sep 25 17:00 US

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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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