By FXEmpire.com
Analysis and Recommendation: (close of Asian session)
The AUD/USD continues to trade below parity at 0.9908. On going eurozone problems continue to depress all commodities and commodity currencies. The risk aversion mode of the markets continues will negative sentiment toward the Europe and the euro, giving the USD a huge command of the Fx markets.
Even the RBA inflation statements released earlier which were positive for the AUD did not help in this situation.
Continued uncertainty is a negative for the Aussie keeping it depresses.
The Australian dollar has traded in a narrow range after falling sharply overnight on news Greece will face fresh elections.
The Australian dollar was trading at 0.9908, down from 1.002 Tuesday afternoon.
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 15 – 16, 2012 actual v. forecast
|
EUR |
French CPI (MoM) |
0.1% |
0.3% |
0.8% |
|
|
EUR |
German GDP (QoQ) |
0.5% |
0.1% |
-0.2% |
|
|
EUR |
French Non-Farm Payrolls (QoQ) |
0.1% |
-0.2% |
-0.1% |
|
|
GBP |
Trade Balance |
-8.6B |
-8.4B |
-8.6B |
|
|
EUR |
GDP (QoQ) |
0.0% |
-0.2% |
-0.3% |
|
|
EUR |
German ZEW Economic Sentiment |
10.8 |
19.0 |
23.4 |
|
|
EUR |
ZEW Economic Sentiment |
-2.4 |
11.7 |
13.1 |
|
|
USD |
Core CPI (MoM) |
0.2% |
0.2% |
0.2% |
|
|
USD |
Core Retail Sales (MoM) |
0.1% |
0.2% |
0.8% |
|
|
USD |
CPI (MoM) |
0.0% |
0.1% |
0.3% |
|
|
USD |
Retail Sales (MoM) |
0.1% |
0.2% |
0.7% |
|
|
USD |
NY Empire State Manufacturing Index |
17.1 |
8.5 |
6.6 |
|
|
USD |
TIC Net Long-Term Transactions |
36.2B |
19.4B |
10.1B |
|
|
May 16 |
JPY |
Tertiary Industry Activity Index (MoM) |
-0.6% |
-0.3% |
0.0% |
|
AUD |
Westpac Consumer Sentiment |
0.80% |
-1.60% |
||
|
AUD |
Wage Price Index (QoQ) |
0.9% |
0.8% |
1.0% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
May 17 |
00:50 |
JPY |
GDP (QoQ) |
0.9% |
-0.2% |
|
00:50 |
JPY |
GDP Price Index (YoY) |
-1.4% |
-1.8% |
|
|
05:30 |
JPY |
Industrial Production (MoM) |
1.1% |
1.0% |
|
|
13:30 |
USD |
Initial Jobless Claims |
365K |
367K |
|
|
13:30 |
USD |
Continuing Jobless Claims |
3235K |
3229K |
|
|
15:00 |
USD |
Philadelphia Fed Manufacturing Index |
10.0 |
8.5 |
Originally posted here
