aud to euro forecast 2011

aud to euro forecast 2011 : Australian Dollar To Euro Forecast 2011 ; U.S. Dollar Trading (USD) stock markets around the world reacted to the 5%+ fall in Japanese stocks but the USD was on the back foot as the EURO helped most pairs to rally for a second day. Today the FOMC meet and this will be closely watched given their European Counterparts have focused on inflation threats and recent US data has improved somewhat. In US stocks, DJIA -51 points closing at 11993, S&P -7 points closing at 1296 and NASDAQ -14 points closing at 2700. Looking ahead, FOMC Forecast to hold at 0.0-0.25% band.

The Euro (EUR) the market rally continued from Friday with the EUR/USD testing the significant 1.4000 level on optimism that the new bailout plan will ease the debt crisis. Also helping was hawkish comments from ECB members about raising rates as early as next meeting. February Industrial Production was at expectations of 0.3% m/m. Overall the EUR/USD traded with a low of 1.3900 and a high of 1.4005 before closing the day around 1.3985 in the New York session. Looking ahead, March Economic Sentiment forecast at 15.7.

Current Analysis & Forecast: Australian Dollar (AUD)
The 12 month forecast for the Australian Dollar is in the table at the top of this
page. ForecastChart.com is forecasting that the exchange rate for the
Australian Dollar will be roughly 1.00 Australian Dollars to the USD. The table
shows a HDTFA of 0.09 which suggests that the March, 2012 currency
exchange rate could easily fall between 1.09 and 0.91 AUD/USD. Links to
Forecasts for fourteen other currencies may be found on the left side of this
page. Read More...

EUR/USD Technical Analysis
A failed attempt to reach the peak of 1.4282 (discussed last week), sent Euro/Dollar down to bounce above the strong 1.4030 line. It eventually closed at 1.4085, about 100 pips lower than last week’s close. Looking up, initial yet weak resistance appears at 1.4160. This was a peak quite some time ago and recently worked as pivotal line separating the lower and higher ranges of trade. Much more important resistance is at 1.4282 – this is the peak that EUR/USD touched just after QE2 was announced in November. The highest level in a year couldn’t be reached Read More...

Exchange Rate Outlook Forecast for Majors : GBP, EUR, USD, AUD, NZD, CHF
Interest rate expectations continue to dog the Pound, with MPC member Adam Posen predicting today that the UK government’s austerity measures will have a ‘meaningful’ cooling effect on price rises. Another MPC member, Andrew Sentance, also spoke today, re-iterating his strongly-hawkish stance on rates. However, Sentance’s comments will be largely discounted by the markets as he is relinquishing his position on the committee after May’s meeting. NEAR-TERM Read More...

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