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At the Forex currency market on Monday the Australian Dollar rate looks worthy, continuing to stay close to local highs. Positions of the AUD seem especial lystable, due misgivings of the market about Greece and uncertainty about interest in risk. In addition, trading floors is China are closed.

Forex forecast: MACD indicator for the pair AUD/USD is going up in the positive area, volumes are increasing, giving a buy signal. Stochastic Oscillator has come into overbought zone and maintains a buy signal.

Forex recommendations: in case of breakdown at the level of 1.0500, the pair will go to 1.0510 and 1.0530.

Macro-economic background in the country is stable this morning. No important statistics has been published on Monday

Statistics released on Friday showed that Australian price index for import increased by 2.5% q/q in Q4 against zero change in Q3. However, the AUD has ignored this data, as investors' risk appetite is the main catalyst currently; however investors keep looking back at external background and situation in Eurozone.

Consumer sentiment index Westpac-MI fell to94.7 points, -8.3% m/m in December against the value of 103.4 points in November. Business confidence index NAB in Australia increased to 1 point in November against zero level in October. According to the data released earlier, business activity index AiG in the service sector of Australia increased to49.0 points in November against the level of 47.7 points in October. In addition, trade balance amounted to +?$1.38 billion in November against expectations of +?$2.0 billion.

Statistics released earlier showed that mortgage lending in Australia increased by 1.4% m/m in November against the growth of 0.8% in October. Number of permits to construct increased by 8.4% m/m(-10.0% y/y). The rise of 7% had been predicted. Retail sales showed zero change in November against the growth of 0.2% m/m in October.

Employment rate in November fell by 7.6 thousand against initial estimate of -6.3 thousand. At the same time, unemployment rate remained at the previous level of 5.3%. We would remind that economists expected the rise of jobs by 10 thousand. The index clearly reflects the impact of the European debt crisis on Australian economy. According to government's estimate, last 12 months were the worst for the labour market over the last 20 years, as the sector has been weakening since the last six month of 2011.

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