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FXEmpire | January 19 2013 3:50 EST
By FXEmpire.com
Introduction: The Australian dollar still isnt in its good old days, but the performance is definitely improving. Resistance lines tend to work in a smoother manner than support lines, but they also work well. The pair move well together, not much volatility, but easy to chart and easy to trade with low risk factors
Weekly Analysis and Recommendation:
The AUD/USD hit a high of 1.0577 on Monday and ended the week at 1.0510 down for the week. Home Loan data hit the Aussie hard early in the week, followed later in the week with disappointing employment data, which weighed the currency down. The Aussie rebounded on Friday after positive data from China.
The Aussie firmed on news that China’s Gross domestic product increased by 7.8 percent in 2012, down from 9.3 percent in 2011 as the data also showed that the economy picked up pace in the last three months of the year.
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 recent analysis and information in our weekly reports and we provide daily updates and outlooks.
Major Economic Events for the week of January 14 – 18 actual v. forecast for Yen, the Aussie, the Kiwi and USD
NY Empire State Manufacturing Index
TIC Net Long-Term Transactions
Tertiary Industry Activity Index (MoM)
Philadelphia Fed Manufacturing Index
Chinese Fixed Asset Investment (YoY)
Chinese Industrial Production (YoY)
Historical: From 2010 to present
Highest:1.1080 USD on Jul 27, 2011
Average:0.9898 USD over this period
Lowest:0.8067 USD May 25, 2010
Economic Highlights of the coming week that affect the AUD, JPY, NZD and USD
Upcoming Government Bond
Date Time Country
Jan 21 10:00 Slovakia
Jan 22 09:10 Holland
Jan 22 09:30 Spain
Jan 22 10:30 UK
Jan 23 10:10 Sweden
Jan 23 16:30 Italy
Jan 24 01:30 Japan
Jan 24 12:00 Norway
Jan 24 15:30 Sweden
Jan 24 16:00 US
Jan 24 16:30 Italy
Jan 24 18:00 US
Jan 25 16:30 Italy
Click here for updated AUD/USD News.
Originally posted here
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