Economic Events: (GMT)
00:30 AUD Wage Price Index (QoQ) 0.8% 0.7%
The Wage Price Index measures the change in the price businesses and the government pay for labor, excluding bonuses. It is a leading indicator of consumer price inflation.
A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.
15:00 USD Existing Home Sales 4.67M 4.61M
Existing Home Sales measures the change in the annualized number of existing residential buildings that were sold during the previous month. This report helps to gauge the strength of the U.S. housing market and is a key indicator of overall economic strength.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
AUD/USD Fundamental Analysis February 22, 2012 Forecast
Analysis and Recommendation: ( close of Asian session )
AUD/USD was trading at 1.0735. In early trading, the Australian dollar is lower as cautious traders slowly sell off the currency ahead of a decision on the release of Greece's second bailout package.
At noon,the Australian dollar was trading at 107.29 US cents, down from 107.71 cents on Monday.
When the EU announced that a deal with Greece was concluded, the markets began to rally with the pair moving up to 1.0735. The news from the EU overlapped the end of todays trading session, it should have a larger effect in after hours trading.
Monday February 20, 2012 Economic Reports actual v. forecast
US markets closed today for holiday
Rightmove House Price Index (MoM)
Thai GDP (YoY)
French Business Survey
Italian Industrial New Orders (MoM)
Russian Retail Sales (YoY)
Russian Unemployment Rate
Sovereign Bond Auction Schedule
Feb 21 09:30 Spain 3 & 6M T-bill auction
Feb 21 15:30 UK Details gilt auction on Mar 01
Feb 21 18:00 US Auctions 2Y Notes
Feb 22 10:10 Sweden Nominal bond auction
Feb 22 10:30 Germany Eur 5.0bn Mar 2014 Schatz
Feb 22 16:30 Italy Details CTZ/BTPei on Feb 24 & BOT on Feb 27
Feb 22 18:00 US Auctions 5Y Notes
Feb 23 10:10 Sweden Sek 0.75bn I/L bond auction
Feb 23 16:30 Italy Details BTP/CCTeu on Feb 28
Feb 23 18:00 US Auctions 7Y Notes
Feb 24 10:10 Italy Auctions CTZ/BTP
AUD/USD Pivot Points (Time Frame: 1 Day)
Name S3 S2 S1 Pivot R1 R2 R3