Analysis and Recommendation: (close of Asian session)

AUD/USD was trading at the end of the session on Monday at 1.0716 down slightly from the opening. All Asian markets have been trading down today. There has been relatively little data over the weekend to affect the currency and Monday should also remain a quiet day, with the pair trading in a fairly tight range. Tuesday brings several economic reports in Oz along with the RBA statement, which could make a large impact on the value of the Aussie. Today there was some lackluster minor economic reports in Australia, that might be showing that the economy is not on as firm a ground as thought.

Economic Data Released on March 5, 2012

 
 

Mar. 05

 

AUD

 
 
 

Company Gross Operating Profits (QoQ) 

-6.5%

 

0.3% 

 

4.7% 

 
 

 

 

AUD

 
 
 

ANZ Job Advertisements (MoM) 

3.30%

 
 
 

7.50% 

 
 

width=645

Economic Events:  (GMT)

Mar. 06

00:30

 

AUD

 
 
 

Current Account 

 

03:30

 

AUD

 
 
 

Interest Rate Decision 

 

03:30

 

AUD

 
 
 

RBA Rate Statement 

 

Government Bond Auction Schedule

Mar 05  10:10  Norway  Bond auction

Mar 06  10:10  Greece  Auctions 6M T-bills

Mar 06  10:15  Austria  Bond auction

Mar 06  10.30  UK  Auctions 0.75% 2034 I/L Gilt

Mar 06  15:30  UK  Details gilt auction on Mar 15

Mar 07  10:10  Sweden  Nominal bond auction

Mar 07  10:30  Germany  Eur 4.0bn Feb 2017 Bobl

Mar 07  10.30  UK  Auctions new Sep 2017 conventional Gilt

Mar 08  16:00  US

Announces auctions of 3Y Notes on Mar 12, 10Y Notes on Mar

13 & 30Y Bonds on Mar 14

Mar 08  16:30  Italy   Details BOT auction on Mar 13

Mar 09  11:00  Belgium  OLO mini bond auction

Mar 09  16:30  Italy   Details BTP/CCTeu on Mar 14

 

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

 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
1.0642
1.0670
1.0688
1.0716
1.0734
1.0762
1.0780

Fibonacci
1.0670
1.0688
1.0699
1.0716
1.0734
1.0745
1.0762

Camarilla
1.0692
1.0697
1.0701
1.0716
1.0709
1.0713
1.0718

Woodie's
-
1.0668
1.0682
1.0714
1.0728
1.0759
-

DeMark's
-
-
1.0725
1.0712
1.0679
-
-