By FXEmpire.com
Analysis and Recommendation: (close of Asian session)
The AUD/USD is trading at 1.0012 down from 1.0027 at the end of last week. The Aussie dollar has not traded below the $US1 mark since December 19 last year. The AUD had received a push over the weekend when China’s central bank announced fresh measures to stimulate the economy, but events in Greece continue to be the main focus..
The People’s Bank of China, on Sunday announced it would cut the ratio of capital reserves required to be held by financial institutions within the country, to stimulate the economy.
The strength of the USD continues to make it difficult for all commodity currencies at this time, last week, improved unemployment data in Oz. was barely noticed by the markets.
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, which cover the current week and are published by Sunday before the new week begins.
In Today’s Asian Session actual v. forecast
|
May 14 |
JPY |
CGPI (YoY) |
-0.2% |
-0.3% |
0.5% |
|
AUD |
Home Loans (MoM) |
0.3% |
-2.0% |
-2.5% |
Upcoming Economic Events that affect the AUD, NZD, JPY, CNY and USD
|
May 16 |
01:30 |
AUD |
Westpac Consumer Sentiment |
-1.60% |
|
|
02:30 |
AUD |
Wage Price Index (QoQ) |
1.0% |
||
|
23:45 |
NZD |
PPI Input (QoQ) |
0.5% |
||
|
May 17 |
00:50 |
JPY |
GDP (QoQ) |
0.9% |
-0.2% |
|
05:30 |
JPY |
Industrial Production (MoM) |
1.0% |
Government Bond Auctions (this week)
Date Time Country
May 15 09:30 Belgium
May 15 09:30 UK
May 16 08:50 France
May 16 09:10 Sweden
May 16 09:30 Germany
May 16 09:50 France
May 16 14:30 Sweden
May 17 08:30 Spain
May 17 15:00 US
May 17 17:00 US
Click here a current AUD/USD Chart.
Originally posted here
