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Economic Events: (GMT)

Chinese Markets are closed for the Lunar New Year

Jan. 22  18:50                    JPY         Trade Balance

The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.

A higher than expected reading should be taken as positive/bullish for the JPY, while a lower than expected reading should be taken as negative/bearish for the JPY.

19:30                    AUD       PPI (QoQ)

The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall 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.

Jan. 23  22:00                    JPY         Interest Rate Decision

Bank of Japan (BOJ) policy board members come to a consensus on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected rate is positive/bullish for the JPY, while a lower than expected rate is negative/bearish for the JPY.

Analysis and Recommendation:

AUD/USD was trading at 1.0421 the exact middle point between the open and high.

The Australian Dollar was lower against the U.S. Dollar on today, with no specific reasons, except it was retracing earlier moves, they are trading in a very close avenue and will most likely remain so in the beginning of the upcoming week. There is no expectations here.

Upcoming Govt Bond Sales Dates

Jan 23  10:10  Norway  Nok 6.0bn 4.25% May 2017 bond

Jan 23  10:10  Slovakia  Auctions Apr 2014 bond

Jan 23  10:30  Germany  Eur 3.0bn Jan 2013 Bubill

Jan 23  12:00  Norway  Details bond auction on Jan 30

Jan 24  09:30  Netherlands Eur 1.5-2.5bn Jan 2013 & Jan 2042 DSL

Jan 24  09:30  Spain  Auctions 3 & 6M T-bills

Jan 24  16:30  Italy   Details CTZ/BTPei on Jan 26 & BOT on Jan 27 &

Jan 24  18:00  US  Auctions 2Y Notes

Jan 25  10:10  Sweden  Nominal bond auction

Jan 25  10:30  Germany  Eur 3.0bn 3.25% Jul 2042 Bund

Jan 25  16:30  Italy   Details BTP/CCTeu on Jan 30

Jan 25  18:00  US  Auctions 5Y Notes

Jan 26  10:10  Italy   Auctions CTZ/BTPei

Jan 26  18:00  US  Auctions 7Y Notes

Jan 27  10:10  Italy   BOT auction

AUD/USD

AUD/USD Fundamental Analysis January 23, 2012 Forecast

AUD/USD Pivot Points (Time Frame: 1 Day)
 

Name S1 S2 S3 Pivot R1 R2 R3

Classic
1.0386
1.0365
1.0341
1.0410
1.0431
1.0455
1.0476

Fibonacci
1.0393
1.0383
1.0365
1.0410
1.0428
1.0438
1.0455

Camarilla
1.0402
1.0398
1.0394
1.0410
1.0410
1.0414
1.0418

Woodie's
1.0384
1.0364
-
1.0409
1.0429
1.0454
-

DeMark's
1.0443
-
-
-
1.0398
-
-