By FXEmpire.com

Analysis and Recommendation:

The AUD/USD is currently trading at 1.0028 coming close to parity once again. Like its cousins throughout the pacific, the pair is deeply affected by the global slowdown and contagion from the eurozone.

With China’s manufacturing continuing in free fall and Japan, in political uncertainty, any negativity out of the EU will throw markets into a stronger risk aversion mode, pushing the US dollar higher. The DX is currently over 82, but exceeded 83 just a week ago pushed by risk aversion.

This being the end of the month there will be a good deal of eco data from the US, strong reports might also support the greenback.

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.

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

Date

Time

Currency

Event

Previous

Jun 27

Jun 28

12:30

USD

Durable Goods Orders m/m

0.2%

14:00

USD

Pending Home Sales m/m

-5.5%

14:30

USD

Crude Oil Inventories

23:50

JPY

Retail Sales y/y

5.8%

1:00

NZD

NBNZ Business Confidence

27.1

Jun 29

12:30

USD

Unemployment Claims

12:30

USD

Final GDP q/q

1.9%

22:45

NZD

Building Consents m/m

-7.2%

23:30

JPY

Household Spending y/y

2.6%

23:30

JPY

Tokyo Core CPI y/y

-0.8%

23:50

JPY

Prelim Industrial Production m/m

-0.2%

1:30

AUD

Private Sector Credit m/m

0.4%

12:30

USD

Core PCE Price Index m/m

0.1%

12:30

USD

Personal Spending m/m

0.3%

13:45

USD

Chicago PMI

52.7

13:55

USD

Revised UoM Consumer Sentiment

74.1

Click here a current AUD/USD Chart.

Originally posted here