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AUD/USD Fundamental Analysis October 27, 2014 Forecast

By:
Barry Norman
Updated: Aug 25, 2015, 03:00 UTC

Analysis and Recommendation: The AUD/USD eased by 16 points to trade at 0.8744 as traders continue to worry about the global economy. The Australian

AUD/USD Fundamental Analysis October 27, 2014 Forecast

AUD/USD Fundamental Analysis October 27, 2014 Forecast
AUD/USD Fundamental Analysis October 27, 2014 Forecast
Analysis and Recommendation:

The AUD/USD eased by 16 points to trade at 0.8744 as traders continue to worry about the global economy. The Australian dollar followed the NZ currency lower on Thursday following the release of weaker-than-expected inflation figures.

Statistics New Zealand data showed inflation was unchanged at 0.3 per cent in the September quarter, slowing the annual pace to one per cent, at the lower end of the Reserve Bank of New Zealand’s target band of between one and three per cent, and below analyst expectations for a 1.3 per cent rise.

U.S. stock futures and the dollar fell this morning after reports that a New York doctor has tested positive for the Ebola virus.

A physician with Doctors Without Borders who returned to New York City from West Africa, has tested positive for Ebola, according to media reports.

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.

Today’s economic releases actual vs. forecast:

 

Cur.

 

Event

Actual

Forecast

Previous

 

  NZD

 

Trade Balance (MoM)

-1,350M

-700M

-472M

 

 

  NZD

 

Trade Balance (YoY)

650M

1,510M

2,020M

 

 

AUDUSD(15 minutes)20141024050105

Upcoming Economic Events that you should be monitoring:

 

Cur.

 

Event

Actual

Forecast

Previous

 

 

Holiday

New Zealand – Labour Day

 

  EUR

 

German Business Expect

 

98.4

99.3

 

 

  EUR

 

German Current Assess

 

109.5

110.5

 

 

  EUR

 

German Ifo Climate Ind

 

104.1

104.7

 

 

  USD

 

Pending Home Sales 

 

0.3%

-1.0%

 

Government Bond Auction

Date Time Country Auction

Oct 27 12:30 Germany Eur 2.0bn new 12M Bubill (Oct 2015) auction

Oct 27 18:30 Italy Announces details of BTP/CCTeu auctions on Oct 30

Oct 27 12:10 Italy BTPei/CTZ auctions

Oct 28 12:10 Italy BOT auction

Oct 28 19:00 US 2Y Note auction

Oct 29 12:03 Sweden Bond auction

Oct 29 12:30 Germany Eur 4.0bn Aug 2024 Bund auction

Oct 29 17:30 US 2Y FRN auction

Oct 29 19:00 US 5Y Note auction

Oct 30 12:10 Italy BTP/CCTeu auctions

Oct 30 19:00 US 7Y Note auction

 

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