By FXEmpire.com
Analysis and Recommendation:
The AUD/USD continues it rise, trading this morning at 1.0302 responding positively to statements by the RBA and their positive outlook of the Oz economy.
Although the Chinese slowdown, and worrisome statements overnight by the Chinese Premier, continue to weight on the Aussie, the thought of monetary stimulus from the PBoC, would be a huge boost for Australia, one of China’s main trading partners.
Australia this month is marking 21 years without a recession, a record growth period for any nation, a conference has been told. In an upbeat assessment of Australia’s economic health the director of Deloitte Access Economics, Chris Richardson, said July marks 21 years since Australia’s last recession.
Australia is expected to be in the next decade exactly what we were in the last decade – the fastest growing rich nation in the world.
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 July 19, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 18 |
JPY |
Monetary Policy Meeting Minutes |
|||
|
AUD |
MI Leading Index (MoM) |
0.8% |
0.5% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
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 for further AUD/USD Forecast.
Originally posted here
