AUD/USD Fundamental Analysis July 13, 2012 Forecast

By FXEmpire.com

Analysis and Recommendation:

The AUD/USD is trading at 1.0195 after the leases of negative employment data this morning. The Aussie tumbled. Reports showed the unemployment rate remained at 5.2% but the number of employment change skyrocketed to -27K when markets were expected 0.3k.

Overnight the Aussie dollar surged to a six-day high on the back of a 65 billion euros package in Spain and the release of the minutes from the June Federal Reserve Meeting in Washington DC.

Global markets remain depressed as the EU crisis continues to move forward with no clear path. The much talked about ESM is not subject to the German courts and the court has given no information as to when it will make a ruling or a decision.

The Bank of Japan ends its two day meetings today, with markets expecting everything to remain on hold but until the announcement is made no one is sure. Yesterdays release of the FOMC minutes still did not give a clear picture of what the Fed might do at its upcoming meeting

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 July 13, 2012 actual v. forecast

Date	Currency		Event		Actual		Forecast	Previous
Jul. 12		AUD		RBA Assist Gov Lowe Speaks
AUD		MI Inflation Expectations		3.3%		2.3%
KRW		South Korean Rate Decision		3.00%		3.25%	3.25%
AUD		Employment Change		-27.0K		0.3K	27.9K
AUD		Unemployment Rate		5.2%		5.2%	5.1%