By FXEmpire.com

Analysis and Recommendation:

The AUD/USD is trading at 1.0492 having weakened a bit from yesterday, after breaking through the 1.05 price.

Today, the House Price Index reported well above forecast and the AIG Manufacturing Index was a bit disappointing, weakening the Aussie.

As a trader was quoted as saying this morning, “right now the only game in town is the Fed and the ECB”. Everyone is focused on just one place, central banks, for the next few days. Eco data has been put on the back burner

FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthlyanalysis and forecast at the beginning of each month. Then we provide more recent analysis and information in our weekly reports and we provide daily updates and outlooks

Economic Data August 1, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Aug. 01

KRW

South Korean CPI (YoY)

1.5%

2.0%

2.2%

KRW

South Korean CPI (MoM)

-0.2%

0.3%

-0.1%

GBP

BRC Shop Price Index (YoY)

1.00%

1.10%

AUD

AIG Manufacturing Index

40.3

47.2

KRW

South Korean Trade Balance

2.70B

4.90B

KRW

South Korean Manufacturing PMI

47.20

49.38

CNY

Chinese Manufacturing PMI

50.10

50.30

50.20

AUD

House Price Index (QoQ)

0.50%

-0.50%

-0.10%

CNY

Chinese HSBC Manufacturing PMI

49.50

49.50

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

Date

Time

Currency

Event

Previous

Aug 2

1:30

AUD

Retail Sales m/m

0.5%

1:30

AUD

Trade Balance

-0.29B

12:30

USD

Unemployment Claims

14:00

USD

Factory Orders m/m

0.7%

23:30

AUD

AIG Services Index

48.8

Aug 3

12:30

USD

Non-Farm Employment Change

80K

12:30

USD

Unemployment Rate

8.2%

12:30

USD

Average Hourly Earnings m/m

0.3%

14:00

USD

ISM Non-Manufacturing PMI

52.1

Government Bond Auctions

Date Time Country

Aug 02 08:30 Spain

Aug 06 09:10 Norway

Aug 07 00:30 Japan

Aug 07 09:15 Austria

Aug 07 14:30 UK

Aug 07 17:00 US

Aug 08 09:30 Germany

Aug 08 10:00 Norway

Aug 08 15:30 Italy

Aug 08 17:00 US

Aug 09 15:30 Italy

Aug 09 17:00 US

Aug 10 10:00 Belgium

Click here for updated AUD/USD News.

Originally posted here