By FXEmpire.com
Analysis and Recommendation:
The AUD/USD is ending the session at 100.13 close to parity, as markets position themselves before the Greek elections.
Central banks of the G20 nations announced yesterday a plan to work in unison, if necessary to support the global banking system in case of a breakdown, after elections this coming week and worries about Spain.
Angela Merkel said on Thursday in an address to parliament before leaving for the weekend gathering that Europe’s debt woes “will overshadow all other topics” and all eyes would be on Germany as Europe’s biggest economy.
She maintained that she would defend Germany’s view that a mix of fiscal tightening and reforms was the only way to overcome the crisis and to return to sustainable growth.
She said: “We must all resist the temptation to finance growth again through new debt.”
Meanwhile, G20 officials have reportedly confirmed central banks will pump funds into financial markets if the crucial Greek election on Sunday results in a credit squeeze, according to Reuters.
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 June 14 -15, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
CHF |
Libor Rate |
|
|
|
|
|
EUR |
CPI y/y |
2.4% |
2.4% |
2.4% |
|
|
EUR |
Core CPI y/y |
1.6% |
1.6% |
1.6% |
|
|
NHPI m/m |
0.2% |
0.4% |
0.3% |
||
|
USD |
Core CPI m/m |
0.2% |
0.2% |
0.2% |
|
|
USD |
Unemployment Claims |
386K |
377K |
380K |
|
|
USD |
CPI m/m |
-0.3% |
-0.2% |
0.0% |
|
|
USD |
Current Account |
-137B |
-132B |
-119B |
|
|
Jun 15 |
JPY |
Overnight Call Rate |
|
|
|
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Jun 18 |
1:30 |
AUD |
-0.7% |
||
|
Day 1 |
ALL |
||||
|
Jun 19 |
1:30 |
AUD |
|||
|
12:30 |
USD |
0.72M |
|||
|
12:30 |
USD |
0.72M |
|||
|
Day 2 |
ALL |
||||
|
22:45 |
NZD |
-2.76B |
|||
|
23:50 |
JPY |
||||
|
23:50 |
JPY |
-0.48T |
|||
|
Jun 20 |
0:00 |
AUD |
0.2% |
||
|
0:30 |
AUD |
0.4% |
|||
|
14:30 |
USD |
-0.2M |
|||
|
16:30 |
USD |
||||
|
16:30 |
USD |
|
|
||
|
18:00 |
USD |
||||
|
18:15 |
USD |
||||
|
22:45 |
NZD |
0.3% |
|||
|
Jun 21 |
12:30 |
USD |
386K |
||
|
13:00 |
USD |
54.0 |
|||
|
14:00 |
USD |
4.62M |
|||
|
14:00 |
USD |
-5.8 |
Click here to read AUD/USD Technical Analysis.
Originally posted here
