Analysis and Recommendation: (close of Asian session)

AUD/USD   continues its downward spiral set off over worries on the Chinese slowdown. The Aussie opened this morning at 1.0458 and has tumbled to 1.0396 after hitting a low of 1.0377. There is little news expected over the course of the week to help put life back into the Aussie.

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Economic Data March 21 and 22, 2012 actual v. forecast

Mar. 21

00:30

 

AUD

 
 
 

MI Leading Index (MoM) 

0.6%

 
 
 

0.7% 

 
 

 

03:00

 

NZD

 
 
 

Credit Card Spending (YoY) 

4.0%

 
 
 

3.1% 

 
 

 

05:30

 

JPY

 
 
 

All Industries Activity Index (MoM) 

-1.0%

 

-0.5% 

 

1.6% 

 
 

 

08:30

 

THB

 
 
 

Thai Trade Balance 

0.52B

 

-0.10B 

 

-0.20B 

 
 

 

08:30

 

THB

 
 
 

Thai Interest Rate Decision 

3.00%

 

3.00% 

 

3.00% 

 
 

 

10:30

 

GBP

 
 
 

MPC Meeting Minutes 

 

 
 
 
 
 
 

 

10:30

 

GBP

 
 
 

Public Sector Net Borrowing 

12.9B

 

5.2B 

 

-10.2B 

 
 

 

11:30

 

EUR

 
 
 

German 2-Year Schatz Auction 

0.310%

 
 
 

0.250% 

 
 

 

12:00

 

USD

 
 
 

MBA Mortgage Applications  

-7.4%

 
 
 

-2.4% 

 
 

 

13:30

 

CAD

 
 
 

Leading Indicators (MoM) 

0.6%

 

0.6% 

 

0.4% 

 
 

 

14:30

 

USD

 
 
 

Fed Chairman Bernanke Testifies 

 

 
 
 
 
 
 

 

15:00

 

USD

 
 
 

Existing Home Sales 

4.59M

 

4.61M 

 

4.63M 

 
 

 Mar. 22

15:00

 

JPY

 
 
 

Trade Balance

-0.31T

 

-0.34T 

 

-0.49T 

 
 

Economic Events Scheduled for March 23, 2012

There are no events scheduled at this present time that directly affect the AUD, NZD or JPY

Government Bond Auctions (this week)

Mar 22  10:10  Sweden  I/L bond auction

Mar 22  10.30  UK  Auctions 0.625% 2042 I/L Gilt

Mar 22  15:00  US

Announces auctions of 2Y Notes on Mar 27, 5Y Notes on Mar

28 & 7Y Notes on Mar 29

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

 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
1.0188
1.0272
1.0318
1.0402
1.0448
1.0532
1.0578

Fibonacci
1.0272
1.0321
1.0352
1.0402
1.0451
1.0482
1.0532

Camarilla
1.0329
1.0341
1.0353
1.0402
1.0377
1.0389
1.0401

Woodie's
-
1.0263
1.0300
1.0393
1.0430
1.0522
-

DeMark's
-
-
1.0425
1.0390
1.0295
-
-