AUD/USD Fundamental Analysis December 19, 2012, Forecast

Analysis and Recommendation:

The AUD/USD is trading at 1.0545 gaining as the US dollar remains weak while negotiations between the democrats and republicans continue. Markets were largely unmoved by the minutes for this month’s Reserve Bank of Australia board meeting, which gave few hints as to whether the central bank will cut rates again when it next meets in February. Data this morning showed that imports of goods rose by $518 million, or two per cent, in November to $21.762 billion, seasonally-adjusted, Australian Bureau of Statistics (ABS) figures show. Unadjusted, imports of goods rose $588 million, or three per cent, to $22.876 billion, the ABS said.

Reports out of China showed a drop in FDI and a fall in house prices but overall sentiment in positive that China is back in expansion mode.

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 18, 2012 actual v. forecast

 

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

Government Bond Auction

Date Time Country 

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