By FXEmpire.com

Analysis and Recommendation:

The AUD/USD remains well above the 1.05 price level, trading at 1.0549 at this writing.

Home Loan’s in Australia reported well below forecast weakening the Aussie a bit in this morning’s session.

Australian markets were awaiting Thursday’s release of local employment figures for July and a raft of Chinese data, also for July. The Chinese data includes inflation figures, industrial production and retail sales.

The people who deal directly with China are starting to say that things (in the Chinese economy) are starting to stabilize. Markets are hoping that the data from China will show that they have accomplished their soft landing and that all the government policies are working.

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 8, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Aug. 08

JPY

Adjusted Current Account

0.77T

0.75T

0.28T

JPY

Bank Lending (YoY)

0.7%

0.6%

PHP

Philippines CPI (MoM)

0.30%

0.30%

0.50%

AUD

Home Loans (MoM)

1.3%

2.0%

-0.9%

KRW

South Korean M2 Money supply

9.60%

9.20%

MYR

Malaysian Trade Balance

9.20B

5.20B

4.60B

Upcoming Economic Events that affect the AUD, NZD, JPY and USD

Date

Time

Currency

Event

Previous

Aug 9

1:30

AUD

Employment Change

-27.0K

1:30

AUD

Unemployment Rate

5.2%

12:30

USD

Trade Balance

-48.7B

12:30

USD

Unemployment Claims

Aug 10

1:30

AUD

RBA Monetary Policy Statement

12:30

USD

Import Prices m/m

-2.7%

18:00

USD

Federal Budget Balance

-59.7B

Government Bond Auctions

Date Time Country

Aug 09 15:30 Italy

Aug 09 17:00 US

Aug 10 10:00 Belgium

Aug 13 09:10 Italy

Aug 13 09:10 Norway

Aug 13 09:30 Germany

Aug 14 09:10 Greece

Aug 14 09:10 Italy

Aug 14 09:30 Belgium

Aug 14 14:30 UK

Aug 15 09:10 Sweden

Aug 16 09:30 UK

Aug 16 15:00 US

Click here for further AUD/USD Forecast.

Originally posted here