By FXEmpire.com
AUD/USD Fundamental Analysis April 13, 2012 Forecast
Analysis and Recommendation: (close of Asian session)
The AUD/USD jumped by almost half a per cent after data showed the Australian unemployment rate remained steady in March. The AUD is currently trading at 1.0396 poised to break the 1.04 level.
The figures showed unemployment remained at 5.2 per cent in the month, while the total number of jobs created stood at 44,000. The forecast was for total employment to have risen by 5,000 in March with the unemployment rate at 5.3 per cent, according to the median of 12 market economists.
Prior to the release of the data, the Australian dollar was trading at $US1.0307. The Aussie jumped to $US1.0362 after the release of the data.
The Australian dollar opened at $US1.030.
Economic Reports for April 11-12, 2012 actual v. forecast
|
EUR |
German 10-Year Bund Auction |
1.770% |
1.830% |
||
|
Housing Starts |
216K |
200K |
205K |
||
|
USD |
Import Price Index (MoM) |
1.3% |
0.8% |
-0.1% |
|
|
MXN |
Mexican Industrial Production (YoY) |
5.9% |
4.3% |
4.2% |
|
|
USD |
10-Year Note Auction |
2.043% |
2.076% |
||
|
USD |
Beige Book |
||||
|
USD |
Federal Budget Balance |
-198.2B |
-196.0B |
-232.0B |
|
|
Apr. 12 |
KRW |
South Korean Unemployment Rate |
3.4% |
3.5% |
3.7% |
|
AUD |
Employment Change |
44.0K |
6.0K |
-15.4K |
|
|
AUD |
Unemployment Rate |
5.2% |
5.3% |
5.2% |
|
|
EUR |
French CPI (MoM) |
0.8% |
0.6% |
0.4% |
|
|
INR |
Indian Industrial Production (YoY) |
4.1% |
6.6% |
1.1% |
Economic Events for April 13, 2012 that affect the AUD, NZD, JPY and CNY
00:50 JPY Monetary Policy Meeting Minutes
The Monetary Policy Meeting Minutes are a detailed record of the Bank of Japan’s policy setting meeting, containing in-depth insights into the economic conditions that influenced the decision on where to set interest rates.
03:00 CNY Chinese Fixed Asset Investment 20.8% 21.5%
Chinese Fixed Asset Investment measures the change in the total spending on non-rural capital investments such as factories, roads, power grids, and property.
03:00 CNY Chinese GDP (YoY) 8.3% 8.9%
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health.
03:00 CNY Chinese Industrial Production 11.5% 11.4%
Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
03:00 CNY Chinese Retail Sales (YoY) 15.0% 14.7%
Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
13:30 USD Core CPI (MoM) 0.2% 0.1%
13:30 USD CPI (MoM) 0.3% 0.4%
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
14:55 USD Michigan Consumer Sentiment 76.2 76.2
The University of Michigan Consumer Sentiment Index rates the relative level of current and future economic conditions. There are two versions of this data released two weeks apart, preliminary and revised. The preliminary data tends to have a greater impact. The reading is compiled from a survey of around 500 consumers.
18:00 USD Fed Chairman Bernanke Speaks
Federal Reserve Chairman Ben Bernanke (February 2006 – January 2014) is to speak. As head of the Fed, which controls short term interest rates, he has more influence over the U.S. dollar’s value than any other person. Traders closely watch his speeches as they are often used to drop hints regarding future monetary policy
Government Bond Auctions (this week)
Apr 13 10:00 Belgium OLO mini bond auction
Apr 16-30 n/a UK Re-opened 3.75% 2052 Conventional Gilt syndication
Apr 16 09:10 Slovakia Auctions floating rate Nov 2016 & 4.35% Oct 2025 & Bonds
Apr 16 09:10 Norway T-bill auction
Apr 17 08:30 Spain 12 & 18M T-bill auction
Apr 17 09:30 Belgium Auctions 3 & 12M T-bills
Apr 18 09:10 Sweden Nominal bond auction
Apr 18 09:30 Germany Eur 5.0bn 0.25% Mar 2014 Schatz
Apr 18 14:30 Sweden Details T-bill auction on Apr 25
Apr 19 08:30 Spain Obligacion auction
Apr 19 08:50 France BTAN auction
Apr 19 09:30 UK Auctions 0.125% I/L Gilt 2029
Apr 19 09:50 France OATi auction
Originally posted here
