By FXEmpire.com
Analysis and Recommendation:
The AUD/USD is exchanging this morning at 1.0312 dipping a bit against a strong USD. The USD has gained momentum, as the Eurozone collapses. Over the weekend it was announced that the EU had suspended funding to Greece, leaving markets in turmoil. On Friday, Spain’s borrowing costs skyrocketed.
On this news the euro has tumbled to record lows breaking below 1.21 this morning. As investors run for the hills the JPY and the USD are adding momentum.
This morning in OZ, the PPI reported in well over forecast, adding some positive strength to the Aussie.
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 23, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 23 |
TWD |
Taiwanese Unemployment Rate |
4.24% |
4.30% |
4.25% |
|
AUD |
PPI (QoQ) |
0.5% |
0.3% |
-0.3% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 24 |
13:00 |
USD |
Flash Manufacturing PMI |
52.5 |
|
22:45 |
NZD |
Trade Balance |
301M |
|
|
23:50 |
JPY |
Trade Balance |
-0.66T |
|
|
Jul 25 |
0:00 |
AUD |
CB Leading Index m/m |
-1.4% |
|
1:30 |
AUD |
CPI q/q |
0.1% |
|
|
1:30 |
AUD |
Trimmed Mean CPI q/q |
0.3% |
|
|
14:00 |
USD |
New Home Sales |
369K |
|
|
14:30 |
USD |
Crude Oil Inventories |
||
|
21:00 |
NZD |
Official Cash Rate |
2.50% |
|
|
21:00 |
NZD |
RBNZ Rate Statement |
||
|
Jul 26 |
0:10 |
JPY |
BOJ Gov Shirakawa Speaks |
|
|
12:30 |
USD |
Core Durable Goods Orders m/m |
0.7% |
|
|
12:30 |
USD |
Unemployment Claims |
||
|
14:00 |
USD |
Pending Home Sales m/m |
5.9% |
|
|
23:30 |
JPY |
Tokyo Core CPI y/y |
-0.6% |
|
|
23:50 |
JPY |
Retail Sales y/y |
3.6% |
|
|
Jul 27 |
12:30 |
USD |
Advance GDP q/q |
1.9% |
|
13:55 |
USD |
Revised UoM Consumer Sentiment |
72.0 |
Click here for updated AUD/USD News.
Originally posted here
