By FXEmpire.com
Analysis and Recommendation: (close of Asian session)
The AUD/USD picked up some strength in the early part of the day but then began to fall again, closing midway between open and close against the strong USD. The pair ended today’s session at 0.9852.
The Australian dollar is bouncing back from six-month lows reached at the end of last week as the market mood improves.
At noon on Monday, the Aussie was trading at 0.9875 US cents, up from .09825 cents on Friday.
That rounded off a week of falls for the Australian dollar after negotiations to form a new coalition government in Greece broke down, sparking a new round of elections for the country crippled by high levels of government debt.
Support from China in assurances that the government would do everything possible to jump start the Chinese economy, strengths Asian markets.
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 for May 21, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
May 21 |
GBP |
Rightmove House Price Index (MoM) |
0.0% |
2.9% |
|
|
THB |
Thai GDP (YoY) |
0.3% |
-0.5% |
-8.9% |
|
|
NZD |
Credit Card Spending (YoY) |
3.7% |
5.3% |
||
|
JPY |
All Industries Activity Index (MoM) |
-0.3% |
0.0% |
-0.1% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
May 22 |
3:00 |
NZD |
2.5% |
|
|
14:00 |
USD |
4.48M |
||
|
23:50 |
JPY |
-0.62T |
||
|
May 23 |
0:00 |
AUD |
0.0% |
|
|
0:30 |
AUD |
0.2% |
||
|
TBD |
JPY |
|||
|
TBD |
JPY |
|
||
|
TBD |
JPY |
|||
|
14:00 |
USD |
328K |
||
|
14:30 |
USD |
Click here a current AUD/USD Chart.
Originally posted here
