By FXEmpire.com
Analysis and Recommendation:
The AUD/USD has climbed to 1.0293 after the release of the RBA minutes from its July 3 meeting; the RBA said improved economic data had convinced it to keep the cash rate on hold at 3.5 per cent.
Also the possibility of monetary stimulus in China after statements from the Chinese Premier is helping to support the Aussie.
Yesterday, the US retail sales data showed an unexpected drop in sales sending the USD tumbling and surprising traders.
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 Releases for Monday, July 16, 2012 actual v. forecast (there is no major Asian eco data for July 17, 2012)
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 16 |
GBP |
Rightmove House Price Index (MoM) |
-1.7% |
1.0% |
|
|
EUR |
CPI (YoY) |
2.4% |
2.4% |
2.4% |
|
|
EUR |
Core CPI (YoY) |
1.6% |
1.6% |
1.6% |
|
|
USD |
Core Retail Sales (MoM) |
-0.4% |
0.1% |
-0.4% |
|
|
Foreign Securities Purchases |
26.11B |
13.50B |
10.16B |
||
|
USD |
Retail Sales (MoM) |
-0.5% |
0.2% |
-0.2% |
|
|
USD |
NY Empire State Manufacturing Index |
7.4 |
4.0 |
2.3 |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 18 |
0:30 |
AUD |
MI Leading Index m/m |
0.5% |
|
12:30 |
USD |
Building Permits |
0.78M |
|
|
12:30 |
USD |
Housing Starts |
0.71M |
|
|
14:30 |
USD |
Crude Oil Inventories |
-4.7M |
|
|
Jul 19 |
1:30 |
AUD |
NAB Quarterly Business Confidence |
-1 |
|
12:30 |
USD |
Unemployment Claims |
||
|
14:00 |
USD |
Existing Home Sales |
4.55M |
|
|
14:00 |
USD |
Philly Fed Manufacturing Index |
-16.6 |
|
|
Jul 20 |
1:30 |
AUD |
Import Prices q/q |
-1.2% |
Click here a current AUD/USD Chart.
Originally posted here
