By FXEmpire.com
Analysis and Recommendation:
The AUD/USD climbed to 1.0597 and is eyeing the big 1.06 number. This morning Australian Statistics released the unemployment and employment change, which surprised markets reporting much more favorably than forecast. In Oz the unemployment rate fell to 5.2% and the economy created an additional 14k jobs this month.
Along with mixed data from China, the Aussie has been able to gain against the weakened USD.
The pair is expected to continue to rise possibly closing above the 1.06 price.
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 9, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Aug. 09 |
JPY |
Core Machinery Orders (MoM) |
5.6% |
10.9% |
-14.8% |
|
AUD |
Employment Change |
14.0K |
10.0K |
-28.3K |
|
|
AUD |
Unemployment Rate |
5.2% |
5.3% |
5.3% |
|
|
CNY |
Chinese CPI (YoY) |
1.8% |
1.7% |
2.2% |
|
|
CNY |
Chinese PPI (YoY) |
-2.9% |
-2.5% |
-2.1% |
|
|
CNY |
Chinese CPI (MoM) |
0.1% |
-0.1% |
-0.6% |
|
|
JPY |
Interest Rate Decision |
0.10% |
0.10% |
0.10% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Aug 10 |
1:30 |
AUD |
||
|
12:30 |
USD |
-2.7% |
||
|
18:00 |
USD |
-59.7B |
Government Bond Auctions
Date Time Country
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
Click here a current AUD/USD Chart.
Originally posted here
