By FXEmpire.com
Analysis and Recommendation:
The AUD/USD holds close to parity, with little action, the pair are trading at 1.0063 as markets remain fairly flat today, leading up to the EU Summit, which has been the center ring of the circus for the last few days.
Even though no actual plans or outcome is expected, markets remain hopeful of surprises. The summit seems to be all about Grand Plans and Master Schemes for the future of the EU and the euro, but nothing about how to survive the near term.
The next few days will be all about news flow and press coverage of political agenda and Hollywood grandeur. This might be the perfect script for a future movie… What is the old line about Caesar watching the city burn….or is that about a deer in the headlights, frozen with panic.
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 June 25-26, 2012 actual v. forecast
|
Date |
Time |
Currency |
Importance |
Event |
Actual |
Forecast |
Previous |
|
15:00 |
USD |
New Home Sales |
369K |
346K |
343K |
||
|
Jun. 26 |
07:00 |
EUR |
GfK German Consumer Climate |
5.8 |
5.6 |
5.7 |
|
|
15:00 |
USD |
CB Consumer Confidence |
62.0 |
63.5 |
64.4 |
||
|
23:45 |
NZD |
Trade Balance |
301M |
300M |
335M |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jun 28 |
1:00 |
NZD |
NBNZ Business Confidence |
27.1 |
|
Jun 29 |
12:30 |
USD |
Unemployment Claims |
|
|
12:30 |
USD |
Final GDP q/q |
1.9% |
|
|
22:45 |
NZD |
Building Consents m/m |
-7.2% |
|
|
23:30 |
JPY |
Household Spending y/y |
2.6% |
|
|
23:30 |
JPY |
Tokyo Core CPI y/y |
-0.8% |
|
|
23:50 |
JPY |
Prelim Industrial Production m/m |
-0.2% |
|
|
1:30 |
AUD |
Private Sector Credit m/m |
0.4% |
|
|
12:30 |
USD |
Core PCE Price Index m/m |
0.1% |
|
|
12:30 |
USD |
Personal Spending m/m |
0.3% |
|
|
13:45 |
USD |
Chicago PMI |
52.7 |
|
|
13:55 |
USD |
Revised UoM Consumer Sentiment |
74.1 |
Upcoming Government Bond Auctions
Date Time Country
Jun 28 09:10 Italy
Jun 28 17:00 US
Click here to read AUD/USD Technical Analysis.
Originally posted here
