AUD/USD Fundamental Analysis March 6, 2012, Forecast

By FX Empire.com

Analysis and Recommendation: (close of Asian session)

AUD/USD was trading at the end of the session on Monday at 1.0716 down slightly from the opening. All Asian markets have been trading down today. There has been relatively little data over the weekend to affect the currency and Monday should also remain a quiet day, with the pair trading in a fairly tight range. Tuesday brings several economic reports in Oz along with the RBA statement, which could make a large impact on the value of the Aussie. Today there was some lackluster minor economic reports in Australia, that might be showing that the economy is not on as firm a ground as thought.

Economic Data Released on March 5, 2012

Mar. 05	AUD	Company Gross Operating Profits (QoQ)	-6.5%	0.3%	4.7%
AUD	ANZ Job Advertisements (MoM)	3.30%	7.50%

Economic Events: (GMT)

Mar. 06	00:30	AUD	Current Account
03:30	AUD	Interest Rate Decision
03:30	AUD	RBA Rate Statement

Government Bond Auction Schedule

Mar 05 10:10 Norway Bond auction

Mar 06 10:10 Greece Auctions 6M T-bills

Mar 06 10:15 Austria Bond auction

Mar 06 10.30 UK Auctions 0.75% 2034 I/L Gilt

Mar 06 15:30 UK Details gilt auction on Mar 15

Mar 07 10:10 Sweden Nominal bond auction

Mar 07 10:30 Germany Eur 4.0bn Feb 2017 Bobl

Mar 07 10.30 UK Auctions new Sep 2017 conventional Gilt

Mar 08 16:00 US

Announces auctions of 3Y Notes on Mar 12, 10Y Notes on Mar

13 & 30Y Bonds on Mar 14

Mar 08 16:30 Italy Details BOT auction on Mar 13

Mar 09 11:00 Belgium OLO mini bond auction

Mar 09 16:30 Italy Details BTP/CCTeu on Mar 14

Originally posted here