AUD/USD Fundamental Analysis December 13, 2012 Forecast

Analysis and Recommendation:

The AUD/USD is completely flat this morning trading at 1.0528 as consumers turned negative this month with today’s Westpac Consumer Sentiment reporting well below the previous months with the report turning negative. Earlier positive sentiment from Europe and optimism surrounding United States debt talks has pushed the Australian dollar to a near three-month high, despite a more negative domestic outlook. It reached a high of 105.43 US cents in morning trade, its highest point since September 17, following a strong overnight trading session.

The NAB Monthly Business Survey was released yesterday and was on the weak side, implying a slowing in GDP growth in the December quarter to ~ 2¼%, which is definitely below trend.

The US dollar remains weak as the FOMC decision is due later today and markets expect the Fed’s to up their monetary easing.

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 12, 2012 actual v. forecast

 

 

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

Government Bond Auction

Date Time Country 

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