AUD/USD Fundamental Analysis November 12, 2013 Forecast

AUD/USD Fundamental Analysis November 12, 2013 Forecast
AUD/USD Fundamental Analysis November 12, 2013 Forecast
Analysis and Recommendation:

The AUD/USD is trading fairly late this morning moving a few pips up and down, after Home Loans beat expectations helping to fuel the housing market and the worries of the RBA which would like to hold down housing costs. The total number of housing loans in Australia climbed a seasonally adjusted 4.4 percent in September compared to the previous month, the Australian Bureau of Statistics said on Monday, standing at 51,480. That beat forecasts for an increase of 3.5 percent following the downwardly revised 4.0 percent contraction in August (originally -3.9 percent). The value of home loans spiked 5.3 percent on month to A$25.151 billion after dipping a revised 2.8 percent in the previous month. Investment lending surged 5.2 percent on month to A$9.370 billion after adding a revised 0.6 percent a month prior.

Investor sentiment got a boost Friday as the US Labor Department said the economy added 204,000 jobs in October, double what analysts forecast. The upbeat jobs growth, despite a 16-day partial federal government shutdown, suggested the world’s largest economy could be in better shape than previously believed. US employers added 204,000 jobs in October – an unexpected boost given that the federal government was partially shut down for 16 days. Employers also added 60,000 more jobs in the previous two months than earlier estimated.

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 November 11, 2013 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Nov. 11

 

JPY

 

 

Adjusted Current Account 

-0.13T

 

-0.10T 

 

0.35T 

 

 

 

 

JPY

 

 

Bank Lending (YoY) 

2.0%

 

 

 

2.0% 

 

 

 

 

JPY

 

 

Current Account n.s.a. 

0.587T

 

0.400T 

 

0.162T 

 

 

 

 

AUD

 

 

Home Loans (MoM) 

4.4%

 

4.0% 

 

-4.0% 

   

 

 

MYR

 

 

Malaysian Industrial Production (YoY) 

1.0%

 

2.5% 

 

2.3% 

   

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

Date

Time

Currency

Event

Previous

Nov. 12

00:30

AUD

NAB Business Confidence 

12

Government Bond Auction

Date Time Country 

Nov 12 09:10 Holland

Nov 12 10:10 Italy

Nov 12 10:10 Norway

Nov 12 10:30 Belgium

Nov 12 15:30 UK

Nov 12 18:00 US

Nov 13 09:30 Swiss

Nov 13 10:10 Italy

Nov 13 10:10 Sweden

Nov 13 10:30 Germany

Nov 13 18:00 US

Nov 14 10:30 UK

Nov 14 16:00 US

Nov 14 18:00 US

 

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