By FXEmpire.com
The AUD/USD is struggling against the USD to trade at 1.0515. After a week of positive data from Australia, the Aussie seemed set to breakthrough and maintain the 1.06 range with a lot of analysts predicting a rise to 1.08.
The US dollar gained some momentum back on the quiet day yesterday. But this morning in OZ there were a few regional eco releases including business confidence and motor vehicle sales which were very positive, we should see the AUD rebound in today’s session.
Overall it’s the weigh from China and Japan that is holding the AUD.
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.
Economic Data August 14, 2012 actual v. forecast
Aug. 14 |
GBP |
RICS House Price Balance |
-24% |
-23% |
-22% |
JPY |
Monetary Policy Meeting Minutes |
||||
JPY |
Tertiary Industry Activity Index (MoM) |
0.1% |
-0.3% |
0.9% |
|
AUD |
NAB Business Confidence |
4 |
-3 |
||
AUD |
New Motor Vehicle Sales (MoM) |
-0.8% |
-1.0% |
||
KRW |
South Korean Trade Balance |
2.80B |
2.70B |
||
EUR |
Estonian Unemployment Rate (YoY) |
10.20% |
11.50% |
||
EUR |
French CPI (MoM) |
-0.4% |
-0.2% |
0.0% |
|
EUR |
French GDP (QoQ) |
0.0% |
-0.1% |
0.0% |
|
EUR |
German GDP (QoQ) |
0.3% |
0.2% |
0.5% |
|
INR |
Indian WPI (YoY) |
7.37% |
7.25% |
||
EUR |
Finnish CPI (YoY) |
2.90% |
2.80% |
||
EUR |
German GDP (YoY) |
0.5% |
1.0% |
1.7% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
Date |
Time |
Currency |
Event |
Forecast |
Previous |
Aug 15 |
0:30 |
AUD |
3.7% |
||
1:30 |
AUD |
0.9% |
0.9% |
||
12:30 |
USD |
0.2% |
0.2% |
||
12:30 |
USD |
6.7 |
7.4 |
||
13:00 |
USD |
63.5B |
55.0B |
||
13:15 |
USD |
79.3% |
78.9% |
||
13:15 |
USD |
0.5% |
0.4% |
||
14:30 |
USD |
-3.7M |
|||
Aug 16 |
1:00 |
AUD |
3.3% |
||
12:30 |
USD |
0.77M |
0.76M |
||
12:30 |
USD |
Unemployment Claims |
365K |
361K |
|
12:30 |
USD |
0.76M |
0.76M |
||
14:00 |
USD |
-4.3 |
-12.9 |
||
22:45 |
NZD |
0.3% |
|||
Aug 17 |
13:55 |
USD |
72.5 |
72.3 |
Government Bond Auctions
Date Time Country
Aug 15 09:10 Sweden
Aug 16 09:30 UK
Aug 16 15:00 US
Click here for updated AUD/USD News.
Originally posted here