Aud/usd Parity On October

Release: AUS CPI q/q (1Q) Consensus Forecast: 0.8% Previous: 0.0% Release: AUS CPI y/y (1Q) Consensus Forecast: 2.2% Previous: 3.1% Date/Time: 04/23/12 9:30PM EDT (01:30 GMT, 4/24/12) CPI Data Key to RBA Rate Cuts In the upcoming Asian session we will get the release of the Australian CPI data for the first quarter. We had a prelude, the curtain opener, to that report in Monday's mornings Asian session as producer prices in Australia fell 0.3% in the first quarter, a reading that was a good deal below the forecast a 0.5% gain. With producer prices falling that should filter down into weaker consumer prices in the coming quarter and should mean that inflation pressures remain subdued. In terms of consumer prices, CPI is expected to climb 0.8% in the first quarter, the the annual pace ...

The Week Ahead Highlights FOMC minutes and US labour market in focus More QE for the UK Spain and other sovereign concerns RBA to hold for now Market Moves FOMC minutes and US labour market in focus The past week has seen a multitude of Fed speakers express their views on the economic outlook and monetary policy. Voting members Bernanke, Lacker, Lockhart, Duke, and Dudley all delivered speeches as well as non-voters Plosser, Fisher, and Rosengren. The main focus was on Chairman Bernanke who reiterated his concern that the economic recovery is "slower than we would have hoped" and that "the job market remains far from normal". The Fed Chairman noted the benefits of continued accommodation and kept open the option for further easing. Markets will look to the release ...

Fundamental Analysis EUR " is a crucial step forward toward the adoption of the second program" - Olli Rehn, EU Economic and Monetary Affairs Commissioner Germany and the European Commission welcomed Greek approval of additional austerity measures required to secure a 130 billion euro bailout from international lenders. USD "It’s a continuation of the bull market and we’re encouraged by what we are seeing in Europe" - Laszlo Birinyi, president of Birinyi Associates Inc. U.S. stocks rose on Monday after Greek lawmakers turned austerity plan into law to secure rescue funds from the International Monetary Fund and Europe. GBP "Growth is starting again because we’ve got tentative signs of optimism" - John Cridland, CBI Director-General The Confederation of British Industry said the nation ...

Dukascopy Fundamental Analysis EUR Germany and the European Commission welcomed Greek approval of the austerity steps demanded for a financial lifeline, suggesting euro finance chiefs will pull Greece back from the brink when they meet in two days. USD US customer confidence fell more than predicted in early February as improving employment data did not manage to offset worries about steady wages. GBP After a sharp decline on Friday, British FTSE 100 index rebounded on Monday, climbing 1%, helped by financial and resource shares as investors digested news about parliamentary approval of Greece austerity plan. CHF Swiss producer and import prices fell in January as appreciating Switzerland's currency and weaker demand from Euro Zone drove costs down, said Swiss Federal Statistics ...

Citing a failure of the Congressional super committee to address the US deficit Fitch moved to change its outlook on US government debt to negative from stable. Economic News USD - Fitch Warns on US Credit Rating Yesterday Fitch warned on the US credit rating. Citing a failure of the Congressional super committee to address the US deficit Fitch moved to change its outlook on US government debt to negative from stable. Technically this means there is a chance of a ratings downgrade within the next two years. This puts Fitch on the same level with Moody's and one level above S&P who downgraded the US credit rating in August, igniting a storm in the financial markets. The move by S&P to lower the AAA rating of the US fueled sharp declines in equity markets and a rush to safe haven ...

Commentary of the AUD/USD parity: The pair AUD/USD has validated yesterday the breakout of 1.05, offering a sell signal. The pair is currently testing the next support at 1.04. All indicators are now bearish. We maintain to trade only short positions as far as 1.05 is resistance. The validation of the breakout of 1.04 will give a new sell signal and open the way towards 1.03. In case of return above 1.05, we will wait a return above 1.06 to advise long positions. See the previous analysis of the AUD/USD parity of October 31th, 2011 AUD/USD Analysis

Commentary of the AUD/USD parity: The pair AUD/USD faked twice the breakout of the resistance at 1.07. The pair then felt and just validated the breakout of 1.06. Indicators stay globaly bullish. We stay neutral on the pair between 1.05 and 1.06. We advise to wait an exit of this range to take position: - Long if 1.06 is broken. The breakout of 1.07 will give a new buy signal. - Short if 1.05 is broken. The breakout of 1.04 will give a new sell signal. See the previous analysis of the AUD/USD parity of October 28th, 2011 AUD/USD Analysis

Commentary of the AUD/USD parity: The pair AUD/USD has validated yesterday the breakout of 1.05 and 1.06, giving us both a new buy signal. The pair just faked a breakout of 1.07 and is currently falling towards 1.06. All indicators are bullish. We maintain to trade only long positions as far as 1.0550 is support. The breakout of 1.07 and 1.08 will both give a new buy signal. In case of return below 1.0550, we will wait the breakout of 1.04 to advise short positions. See the previous analysis of the AUD/USD parity of October 27th, 2011 AUD/USD Analysis

Commentary of the AUD/USD parity: The pair AUD/USD has validated yesterday a return above 1.04 and is currently testing the next resistance at 1.05. All indicators are bullish. We maintain to trade only long positions as far as 1.04 is support. The breakout of 1.05 and 1.06 will both give a new buy signal. In case of return below 1.04, we will wait the breakout of 1.03 to advise short positions. See the previous analysis of the AUD/USD parity of October 26th, 2011 AUD/USD Analysis