AUD/USD Fundamental Analysis July 25, 2012 Forecast

By FXEmpire.com

Analysis and Recommendation:

The AUD/USD is trading at 1.0271 as the Aussie is slightly lower on concerns around euro zone debt.

European markets slumped overnight on growing concerns that Greece could exit the euro zone, while Spanish bond yields rose to dangerous highs.

Chinese HSBC PMI reported above estimates but below the 50 level needed to show growth.

This will continue to weigh on the AUD. The strength of the USD continues to build momentum as worries from the EU continue to mount.

Spain is only a single act in the three ring circus. Greece is back in focus as the Troika and the ECB are about to announce termination of funding, while Germany has drawn a line in the sand saying that Greece must meet the EU’s agreed upon terms.

After a warning from Moody’s yesterday putting Germany on a downgrade watch, German will not be easy to move.

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 July 23-24, 2012 actual v. forecast

Date	Time	Currency	Importance	Event	Actual	Forecast	Previous
13:30	USD	Chicago Fed National Activity	-0.15	-0.48
15:00	EUR	Consumer Confidence	-21.6	-20.0	-19.8
Jul. 24	03:30	CNY	Chinese HSBC Manufacturing PMI	49.50	48.20

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

Date	Time	Currency	Event	Previous
Jul 25	0:00	AUD	CB Leading Index m/m	-1.4%
	1:30	AUD	CPI q/q	0.1%
	1:30	AUD	Trimmed Mean CPI q/q	0.3%
	14:00	USD	New Home Sales	369K
	14:30	USD	Crude Oil Inventories
	21:00	NZD	Official Cash Rate	2.50%
	21:00	NZD	RBNZ Rate Statement
Jul 26	0:10	JPY	BOJ Gov Shirakawa Speaks
	12:30	USD	Core Durable Goods Orders m/m	0.7%
	12:30	USD	Unemployment Claims
	14:00	USD	Pending Home Sales m/m	5.9%
	23:30	JPY	Tokyo Core CPI y/y	-0.6%
	23:50	JPY	Retail Sales y/y	3.6%
Jul 27	12:30	USD	Advance GDP q/q	1.9%
	13:55	USD	Revised UoM Consumer Sentiment	72.0

Click here a current AUD/USD Chart.

Originally posted here