AUD/USD Fundamental Analysis December 18, 2012, Forecast

Analysis and Recommendation:

The AUD/USD is trading at 1.0543 falling after hitting a peak on Friday. The pair fell 24pts in early trading on Monday. Global sentiment is more positive this morning after comments from President Obama assured markets once again that the US financial deadlines would be met. As the deadline grows closer it is the terms of the deal what worries markets. The weekend was quiet on the news and political front with the tragedy in the US taking the headlines. As the holiday is in full bloom, traders are in a more positive mood.

There was not much eco data to move currencies so that strong data out of China last week, continues to buoy markets. The Japanese elections have weakened the JPY and helped give momentum to the surrounding currencies.

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 17, 2012 actual v. forecast

 

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

Government Bond Auction

Date Time Country 

Dec 18 01:30 Japan 

Dec 18 09:30 Spain 

Dec 18 10:10 Greece 

Dec 18 18:00 US 

Dec 19 18:00 US 

Dec 20 10:30 UK 

Dec 20 16:30 Italy  

Dec 20 18:00 US 

Dec 21 16:30 Italy