By FXEmpire.com
Analysis and Recommendation:
The AUD/USD gained momentum on Monday and traded above the 1.05 level again, but dipped ahead of the RBA meeting minutes. The pair is trading at 1.0481 regaining momentum after the release showed a positive view of the economy. The main event for markets this week would be RBA Governor Glenn Stevens’ speech to the House of Representatives Standing Committee on Economics on Friday.
Weighing on the Aussie is the FOMC minutes due in the US tomorrow and the possibility of monetary stimulus from the Chinese government. Stimulus would be a positive for the Aussie in terms of business, trade and exports but also in the lowering value of the USD.
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 August 21, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Aug. 21 |
AUD |
Monetary Policy Meeting Minutes |
|||
|
NZD |
Credit Card Spending (YoY) |
0.1% |
3.9% |
||
|
NZD |
Inflation Expectations (QoQ) |
2.3% |
2.4% |
||
|
JPY |
All Industries Activity Index (MoM) |
0.2% |
0.3% |
-0.2% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Aug. 22 |
00:50 |
JPY |
Trade Balance |
-0.46T |
-0.30T |
|
15:00 |
USD |
4.52M |
4.37M |
||
|
19:00 |
USD |
FOMC Meeting Minutes |
Click here a current AUD/USD Chart.
Originally posted here
