Advertisement
FXEmpire | May 28 2012 1:42 EDT
By FXEmpire.com
Analysis and Recommendation: (close of Asian session)
The AUD/USD is trading at its highest level in almost a week as hopes grow that Greece will elect a pro-bailout party on June 17 and stay in the euro zone. The Aussie was trading at 0.9852. On what is a very light volume day, with little in global eco data and the US markets closed, the AUD was able to take advantage after most investors positioned themselves or left the markets mid day on Friday, as the US celebrates the Memorial Weekend holiday.
With three weeks to go before the Greek elections, opinion polls show that the two mainstream parties in favor of bailout programs could be able to form a coalition government after June 17, which at present is only of the possible scenarios.
This being the end of the month, there will be a slew of eco data released beginning on May 30th which will have a direct affect on the AUD and the strength of the USD,
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 up to the data analysis and information in our weekly reports.
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
Date | Currency | Previous | ||
May 29 | TBD | AUD | -9.4% | |
13:00 | USD | -3.5% | ||
14:00 | USD | 69.2 | ||
22:45 | NZD | 19.8% | ||
May 30 | 1:30 | AUD | 0.9% | |
1:30 | AUD | -4.6% | ||
14:00 | USD | 4.1% | ||
23:50 | JPY | 1.3% | ||
May 31 | 1:00 | NZD | 35.8 | |
1:30 | AUD | 7.4% | ||
1:30 | AUD | -0.3% | ||
1:30 | AUD | 0.4% | ||
1:30 | JPY | 1.3% | ||
12:15 | USD | 119K | ||
12:30 | USD | 2.2% | ||
12:30 | USD | 370K | ||
13:45 | USD | 56.2 | ||
15:00 | USD | 0.9M | ||
23:50 | JPY | 7.6% | ||
Jun 1 | 12:30 | USD | 115K | |
12:30 | USD | 8.1% | ||
12:30 | USD | 0.2% | ||
12:30 | USD | 0.3% | ||
14:00 | USD | 54.8 |
Click here to read AUD/USD Technical Analysis.
Originally posted here
Company : FX Empire
Website : http://www.fxempire.com
About :
FXEmpire.com is the Forex flagship site of the FX Empire Network. The FX Empire Network provides readers with the most expert and most timely technical analyses, fundamental analyses and news-pieces; this in order to empower them to make for themselves the best possible financial decisions. The FX Empire Network’s other flagship sites include: StocksEmpire.com and CommoditiesEmpire.com.
FXEmpire.com is updated daily with video based Technical Analyses, text based Fundamental Analyses and news-pieces. Our readers receive a review of the past week’s market activity coupled with an outlook for the upcoming week and regular market updates.
All FX Empire analysts have a minimum of seven years of Forex trading and analysis experience. The FX Empire analysis team creates daily and weekly, text and video based, analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts, on graphs, and in video providing them the fullest understanding of what is happening in the market place.
We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the FX Empire Network.
