By FXEmpire.com

Analysis and Recommendation:

The AUD/USD is trading at 1.0184 in a very quiet trading session. Global markets should be calm today, awaiting the FOMC statement from Chairman Bernanke, later today. The FOMC is expected to offer some sort of monetary easing. Markets are not sure in what form, and can never predict what Mr. Bernanke is going to do.

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 19 – 20, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

USD

Building Permits

0.78M

0.73M

0.72M

USD

Housing Starts

0.71M

0.72M

0.74M

ALL

G20 Meetings

NZD

Current Account

-1.31B

-1.13B

-2.83B

JPY

Trade Balance

-0.66T

-0.36T

-0.51T

Jun 20

AUD

CB Leading Index m/m

-1.4%

-0.2%

AUD

MI Leading Index m/m

0.5%

0.5%

Upcoming Economic Events that affect the AUD, NZD, JPY and USD

Date

Time

Currency

Event

Forecast

Previous

Jun 21

12:30

USD

Unemployment Claims

386K

13:00

USD

Flash Manufacturing PMI

54.0

14:00

USD

Existing Home Sales

4.62M

14:00

USD

Philly Fed Manufacturing Index

-5.8

Upcoming Government Bond Auctions

Date Time Country

Jun 21 08:30 Spain

Jun 21 08:50 France

Jun 21 09:30 UK

Jun 21 09:50 France

Jun 21 15:00 US

Jun 21 17:00 US

Jun 22 15:30 Italy

Jun 25 09:10 Norway

Jun 25 09:30 Germany

Jun 25 10:00 Belgium

Jun 25 15:30 Italy

Jun 26 00:30 Japan

Jun 26 08:30 Holland

Jun 26 08:30 Spain

Jun 26 09:10 Italy

Click here a current AUD/USD Chart.

Originally posted here