AUD/USD Fundamental Analysis -January 4, 2016 – Forecast

Analysis and Recommendation:

The AUD/USD added 16 points in the last trading session in 2015. The Aussie is trading 0.7302. The Australian dollar surged to a three-week high last Wednesday. Renewed investor interest over rebounding prices of iron and oil contributed to the rise.

“Both the Australian and New Zealand dollar have risen strongly overnight in concert with the return of a risk-on theme witnessed in offshore markets,” The Wall Street Journal quoted Simon Fletcher who is a senior credit analyst at National Australia Bank in Sydney.

While it has been a quiet week this week, there is a steady stream of local economic data releases next week starting with December manufacturing figures and the RP Data Core Logic Home Value Index, both of which are due out on Monday.

The Australian share market and bond market both close early on Thursday ahead of the New Year’s Day public holiday.

FxEmpire provides in-depth analysis for each asset 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, which covers the current week and are published by Sunday before the new week begins. Daily we share any new events, forecasts or analysis that affect the current day. To achieve a full accurate understanding it is important that you study all of our data and analysis as a whole.

Today’s economic releases:

 

Upcoming Economic Events that you should be monitoring:

Monday, January 4, 2016

Government Bond Auctions

Date Time Country

Dec 30 11:10 Italy Auctions BTPs/CCTeus

Dec 30 19:00 US Holds 7-year note auction