AUD/USD Fundamental Analysis September 26, 2012 Forecast

Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

Analysis and Recommendation:

The AUD/USD  is trading at 1.0437 as markets prepare for the upcoming RBA meeting next week. Traders are beginning to position themselved on their idea of what the RBA will say and do. Glenn Stevens, much like his US counterpart is hard to predict. With global central bank efforts in place, traders are hoping to see the global economy jumpstarted. Austrialia may surprise everyone next week.

Today, China released its first bit of positive data, that may signal success for the governments plans and programs to stimulate the sagging growth.  The Aussie has gotten a nice boost after the Conference Board Leading Economic Index for China reportedly increased 1.7% in August to 240.4, following a 0.6% increase in July and a 0.1% increase in June – another excuse for a push higher.

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 25, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Sep. 25

 

JPY

 

 

CSPI (YoY) 

-0.3%

 

-0.2% 

 

-0.3% 

   

 

 

PHP

 

 

Philippines Trade Balance 

-236.0M

 

-347.0M 

 

-787.0M 

 

 

 

 

AUD

 

 

RBA Financial Stability Review 

 

 

 

 

 

 

 

 

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

Date

Time

Currency

Event

Forecast

Previous

Sep. 27

23:45

NZD

Building Consents (MoM) 

 

2.0%

Sep. 28 

00:30

JPY

Unemployment Rate 

4.3%

4.3%

 

00:30

JPY

Tokyo Core CPI (YoY) 

-0.3%

-0.5%

 

00:50

JPY

Industrial Production (MoM) 

-0.5%

-1.0%

 

00:50

JPY

Retail Sales (YoY) 

-0.2%

-0.8%

Government Bond Auction

Date Time Country 

Sep 26 09:10 Italy  

Sep 26 09:10 Sweden 

Sep 26 09:00 Germany 

Sep 26 14:30 Sweden 

Sep 26 17:00 US 

Sep 27 00:30 Japan 

Sep 27 09:10 Italy  

Sep 27 17:00 US 

 

Want to read more articles like this one?
Enter your e-mail address and read FX Empire content directly from your inbox.
 
We value your privacy. Your e-mail address will not be shared.
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

  View all of FX Empire Analyst - Barry Norman's Articles    
Share Your Thoughts: Post a Comment


Your email address will not be published.