By FXEmpire.com
Analysis and Recommendation:
The AUD/USD is trading at 1.0198 as the pair is at the whim of the DX, which continues to climb. This morning RBA Lowe gave a public address, in which he stated the Australia economy was doing quite well, after all the negative results from China and Japan, it’s trading partners and the contagion from the ongoing crisis in the EU.
Although a report released this morning showed that new home loans tumbled below forecast last month.
The prime focus now is the release of Chinese gross domestic product (GDP) figures on Friday. Negative data could see the Aussie tumble.
There is little in the way of local eco data and news flow will be limited but problems growing in the EU could affect the currency as well as the release of the FOMC minutes later today.
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 11, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 11 |
AUD |
RBA Assist Gov Lowe Speaks |
|||
|
KRW |
South Korean Unemployment Rate |
3.2% |
3.2% |
3.2% |
|
|
JPY |
CGPI (YoY) |
-1.3% |
-0.9% |
-0.5% |
|
|
JPY |
Tertiary Industry Activity Index (MoM) |
0.7% |
0.2% |
-0.2% |
|
|
AUD |
Westpac Consumer Sentiment |
3.70% |
0.30% |
||
|
AUD |
Home Loans (MoM) |
-1.2% |
0.7% |
0.5% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 12 |
1:00 |
AUD |
2.3% |
|
|
1:30 |
AUD |
38.9K |
||
|
1:30 |
AUD |
5.1% |
||
|
12:30 |
USD |
|||
|
12:30 |
USD |
-1.0% |
||
|
18:00 |
USD |
-124.6B |
||
|
Jul 13 |
12:30 |
USD |
-1.0% |
|
|
13:55 |
USD |
73.2 |
Click here a current AUD/USD Chart.
Originally posted here
