By FXEmpire.com
AUD/USD Fundamental Analysis March 23, 2012 Forecast
Analysis and Recommendation: (close of Asian session)
AUD/USD continues its downward spiral set off over worries on the Chinese slowdown. The Aussie opened this morning at 1.0458 and has tumbled to 1.0396 after hitting a low of 1.0377. There is little news expected over the course of the week to help put life back into the Aussie.
Economic Data March 21 and 22, 2012 actual v. forecast
Mar. 21 |
00:30 |
AUD |
MI Leading Index (MoM) |
0.6% |
0.7% |
|
03:00 |
NZD |
Credit Card Spending (YoY) |
4.0% |
3.1% |
||
05:30 |
JPY |
All Industries Activity Index (MoM) |
-1.0% |
-0.5% |
1.6% |
|
08:30 |
THB |
Thai Trade Balance |
0.52B |
-0.10B |
-0.20B |
|
08:30 |
THB |
Thai Interest Rate Decision |
3.00% |
3.00% |
3.00% |
|
10:30 |
GBP |
MPC Meeting Minutes |
||||
10:30 |
GBP |
Public Sector Net Borrowing |
12.9B |
5.2B |
-10.2B |
|
11:30 |
EUR |
German 2-Year Schatz Auction |
0.310% |
0.250% |
||
12:00 |
USD |
MBA Mortgage Applications |
-7.4% |
-2.4% |
||
13:30 |
Leading Indicators (MoM) |
0.6% |
0.6% |
0.4% |
||
14:30 |
USD |
Fed Chairman Bernanke Testifies |
||||
15:00 |
USD |
Existing Home Sales |
4.59M |
4.61M |
4.63M |
|
Mar. 22 |
15:00 |
JPY |
Trade Balance |
-0.31T |
-0.34T |
-0.49T |
Economic Events Scheduled for March 23, 2012
There are no events scheduled at this present time that directly affect the AUD, NZD or JPY
Government Bond Auctions (this week)
Mar 22 10:10 Sweden I/L bond auction
Mar 22 10.30 UK Auctions 0.625% 2042 I/L Gilt
Mar 22 15:00 US
Announces auctions of 2Y Notes on Mar 27, 5Y Notes on Mar
28 & 7Y Notes on Mar 29
Originally posted here