By FXEmpire.com
Analysis and Recommendation:
The AUD/USD is up at 0.9896 on the strength of the Chinese data releases which showed that inflation was lower than expectation, allowing for speculation of further policy easing by the central bank.
Last week the PBoC unexpectedly reduced their key lending rate, surprising markets. Over the weekend China released a slew of data supporting the overall slowdown but showing that it had reduced.
The USD fell after the EU and Spain announced a bailout agreement, but as the day passed and neither had released any terms and the markets began to evaluate the situation, the high became a depression and the USD gained momentum again while risk aversion and safe havens became the market mode once agai.
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 June 11 – 12, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jun 11 |
EUR |
French Industrial Production m/m |
1.5% |
0.1% |
-1.0% |
|
NZD |
REINZ HPI m/m |
1.7% |
-0.3% |
||
|
GBP |
RICS House Price Balance |
-16% |
-17% |
-19% |
|
|
JPY |
Tertiary Industry Activity m/m |
-0.3% |
0.4% |
-0.6% |
|
|
Jun 12 |
AUD |
NAB Business Confidence |
-2 |
4 |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Jun 13 |
0:30 |
AUD |
Westpac Consumer Sentiment |
0.8% |
|
|
12:30 |
USD |
PPI m/m |
-0.2% |
||
|
12:30 |
USD |
Retail Sales m/m |
0.1% |
||
|
14:00 |
USD |
Business Inventories m/m |
0.3% |
||
|
14:30 |
USD |
Crude Oil Inventories |
-0.1M |
||
|
21:00 |
NZD |
Official Cash Rate |
2.50% |
2.50% |
|
|
21:00 |
NZD |
RBNZ Press Conference |
|||
|
21:00 |
NZD |
RBNZ Monetary Policy Statement |
|||
|
Jun 14 |
1:00 |
AUD |
MI Inflation Expectations |
3.1% |
|
|
12:30 |
USD |
Core CPI m/m |
0.2% |
||
|
12:30 |
USD |
Unemployment Claims |
377K |
||
|
12:30 |
USD |
CPI m/m |
0.0% |
||
|
12:30 |
USD |
Current Account |
-124B |
||
|
Jun 15 |
12:30 |
USD |
Empire State Manufacturing Index |
17.1 |
|
|
13:00 |
USD |
TIC Long-Term Purchases |
36.2B |
||
|
13:15 |
USD |
Capacity Utilization Rate |
79.2% |
||
|
13:15 |
USD |
Industrial Production m/m |
1.1% |
||
|
13:55 |
USD |
Prelim UoM Consumer Sentiment |
79.3 |
Click here for further AUD/USD Forecast.
Originally posted here
