AUD/USD Fundamental Analysis January 22, 2013 Forecast

AUD/USD Fundamental Analysis January 22, 2013 Forecast
AUD/USD Fundamental Analysis January 22, 2013 Forecast
Analysis and Recommendation:

The AUD/USD climbed on Monday morning to reach 1.0515 adding 6pts as the Aussie remains strong. The currency remains positive even as odds shift with expectations for RBA easing climb, with 8 out of 29 Bloomberg survey respondents expecting a 25bpt cut at the next meeting on Feb 5th. Last week positive retail sales and growing GDP in China helped support the currency.

US markets are closed for a 3 day holiday, with today a combination of Martin Luther King Day and also the Presidential Inauguration. With US markets closed very little activity is expected as there is very little data on the eco calendar also. For Australia the marquee event of the week will be Wednesday’s CPU and Thursdays Chinese HSBC data releases. The Bank of Japan meeting will be the headline event in the early part of the week and it might have an effect on the Aussie.

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 January 21, 2013 actual v. forecast

Date

Time

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Jan. 21

00:01

 

GBP

 

 

Rightmove House Price Index

0.2%

 

 

 

-3.3% 

 

 

 

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

Date

Time

Currency

Event

Forecast

Previous

 Jan. 22

15:00

USD

Existing Home Sales 

5.08M 

5.04M 

Jan. 23

00:30

AUD

CPI (QoQ) 

0.4% 

1.4% 

 

00:30

AUD

Trimmed Mean CPI (QoQ) 

0.7% 

0.7% 

Jan. 24

01:45

CNY

Chinese HSBC Manufacturing

 

51.50 

 

23:30

JPY

Tokyo Core CPI (YoY) 

-0.5% 

-0.6%

Upcoming Government Bond

Date Time Country 

Jan 22 09:10 Holland 

Jan 22 09:30 Spain 

Jan 22 10:30 UK 

Jan 23 10:10 Sweden 

Jan 23 16:30 Italy  

Jan 24 01:30 Japan 

Jan 24 12:00 Norway 

Jan 24 15:30 Sweden 

Jan 24 16:00 US 

Jan 24 16:30 Italy  

Jan 24 18:00 US 

Jan 25 16:30 Italy

Leave a Reply

Your email address will not be published. Required fields are marked *