AUD/USD Fundamental Analysis December 12, 2012, Forecast

Analysis and Recommendation:

The AUD/USD is trading at 1.0480 almost flat this morning. Business confidence plummeted in November to its lowest point since April 2009, amid concerns about the soft global economy, according to a leading survey. National Australian Bank Ltd’s latest monthly business survey showed business confidence fell to -9 in November from -1 in the previous month.

Keeping inflation in check is important to maintain steady economic growth, but it is not enough, according to Reserve Bank of Australia (RBA) governor Glenn Stevens.

Central banks also have to take account of the effect of their policy measures on the prices of assets like property and shares. In remarks to a conference on property markets and financial instability in August, but not made public until today, Mr. Stevens said it was crucial to get an economy’s underlying monetary policy framework right to achieve stability and growth.

The US dollar weakened overnight ahead of the FOMC meeting which limited to fall of the Aussie in this mornings session.

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 December 11, 2012 actual v. forecast

 

 

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

Government Bond Auction

Date Time Country 

Dec 12 10:10 Italy  

Dec 12 10:10 Sweden 

Dec 12 10:30 Swiss 

Dec 12 16:30 US 

Dec 13 01:30 Japan 

Dec 13 09:30 Spain 

Dec 13 10:10 Italy  

Dec 13 10:30 UK 

Dec 13 16:00 US 

Dec 13 18:00 US 

Dec 14 11:00 Belgium 

Dec 14 15:30 UK