By FXEmpire.com
Analysis and Recommendation: (close of Asian session)
The AUD/USD continues to tumble as risk aversion is the main theme of the markets. Investors had looked for a bit more risk and tried moving to the commodity currencies, but the problems with Greece and throughout the eurozone continues to escalate, investors moved back to the safety of the USD and the yen. The pair fell to 0.9808
Today the eco calendar is thin both in Asian, Europe and the America’s so market movement will be on news, rumor and press from the eurozone.
We can expect that Hollande, Merkel, the ECB and Spain and Greece to be the top news stories and market movers today. The other main focus will be the rollout of the Facebook IPO which will keep market attentions.
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 May 17, 2012 actual v. forecast
|
Foreign Securities Purchases |
-2.08B |
9.34B |
12.54B |
|
|
USD |
Initial Jobless Claims |
370K |
365K |
370K |
|
CAD |
Wholesale Sales (MoM) |
0.4% |
0.4% |
1.5% |
|
USD |
Continuing Jobless Claims |
3265K |
3235K |
3247K |
|
MXN |
Mexican GDP (YoY) |
4.60% |
4.50% |
3.90% |
|
USD |
Philadelphia Fed Manufacturing Index |
-5.8 |
10.0 |
8.5 |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
May 22 |
3:00 |
NZD |
Inflation Expectations q/q |
2.5% |
|
14:00 |
USD |
Existing Home Sales |
4.48M |
|
|
23:50 |
JPY |
Trade Balance |
-0.62T |
|
|
May 23 |
0:00 |
AUD |
CB Leading Index m/m |
0.0% |
|
0:30 |
AUD |
MI Leading Index m/m |
0.2% |
|
|
TBD |
JPY |
Monetary Policy Statement |
||
|
TBD |
JPY |
Overnight Call Rate |
|
|
|
TBD |
JPY |
BOJ Press Conference |
||
|
14:00 |
USD |
New Home Sales |
328K |
|
|
14:30 |
USD |
Crude Oil Inventories |
||
|
22:45 |
NZD |
Trade Balance |
134M |
|
|
May 24 |
2:00 |
NZD |
Annual Budget Release |
|
|
5:00 |
JPY |
BOJ Monthly Report |
||
|
12:30 |
USD |
Core Durable Goods Orders m/m |
-0.8% |
|
|
12:30 |
USD |
Unemployment Claims |
||
|
12:30 |
USD |
Durable Goods Orders m/m |
-4.0% |
|
|
23:30 |
JPY |
Tokyo Core CPI y/y |
-0.5% |
|
|
May 25 |
TBD |
ALL |
G8 Meetings |
|
|
13:55 |
USD |
Revised UoM Consumer Sentiment |
Click here for updated AUD/USD News.
Originally posted here
