By FXEmpire.com
Analysis and Recommendation:
The AUD/USD continues to decline, following a huge fall in the Australian equities market. The pair are trading at 1.0039. Investors continue to worry about the affects of the global slowdown, with emphasis on China and Japan, the major trading partners of Australia and the overflow of contagion on the Aussie economy. Gold production in Australia has dropped again this quarter.
After the negative Chinese Flash HSBC PMI last week showed an ongoing slowdown and no reversal, no matter how China has tried, worries hit Australia head on.
There has been little in the way of eco data in Oz and little is expected early this week. The main focus will be the EU Summit and hopes that some sort of plan will be released to support the EU and protect from contagion.
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.
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jun 26 |
13:00 |
USD |
-2.6% |
|
|
14:00 |
USD |
64.9 |
||
|
22:45 |
NZD |
355M |
||
|
Jun 27 |
12:30 |
USD |
0.2% |
|
|
14:00 |
USD |
-5.5% |
||
|
14:30 |
USD |
|||
|
23:50 |
JPY |
5.8% |
Click here to read USD/JPY Technical Analysis.
Originally posted here
