By FXEmpire.com

Analysis and Recommendation:

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

Westpac Consumer Sentiment

3.7%

1:30

AUD

Wage Price Index q/q

0.9%

0.9%

12:30

USD

Core CPI m/m

0.2%

0.2%

12:30

USD

Empire State Manufacturing Index

6.7

7.4

13:00

USD

TIC Long-Term Purchases

63.5B

55.0B

13:15

USD

Capacity Utilization Rate

79.3%

78.9%

13:15

USD

Industrial Production m/m

0.5%

0.4%

14:30

USD

Crude Oil Inventories

-3.7M

Aug 16

1:00

AUD

MI Inflation Expectations

3.3%

12:30

USD

Building Permits

0.77M

0.76M

12:30

USD

Unemployment Claims

365K

361K

12:30

USD

Housing Starts

0.76M

0.76M

14:00

USD

Philly Fed Manufacturing Index

-4.3

-12.9

22:45

NZD

PPI Input q/q

0.3%

Aug 17

13:55

USD

Prelim UoM Consumer Sentiment

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