By FXEmpire.com

Analysis and Recommendation:

The AUD/USD is at 1.0148 moving up from 1.0137 after the euro surged on news from the EU Summit that Ministers had agreed on a Banking Supervision Plan.

Otherwise the EU Summit has been a three ring circus, with the main ring moving from player to player.

In the US unemployment numbers yesterday came in slightly under forecast, and GDP moved back to 2.0% but markets are not watching eco data.

This week holds some interesting data from the Oz, including the RBA meeting and Building Approval.

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 29, 2012 actual v. forecast (eventful morning)

Currency

Event

Actual

Forecast

Previous

KRW

South Korean Industrial Production (MoM)

1.1%

0.2%

0.9%

JPY

Manufacturing PMI

49.9

50.7

JPY

Unemployment Rate

4.4%

4.6%

4.6%

JPY

Tokyo Core CPI (YoY)

-0.6%

-0.7%

-0.8%

JPY

National Core CPI (YoY)

-0.1%

0.1%

0.2%

JPY

Household Spending (YoY)

4.0%

2.4%

2.6%

JPY

Industrial Production (MoM)

-3.1%

-2.8%

-0.2%

AUD

Private Sector Credit (MoM)

0.5%

0.5%

0.4%

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

Date

Time

Currency

Event

Actual

Forecast

Previous

Jul. 02

00:00

KRW

South Korean CPI (YoY)

2.5%

2.5%

00:00

KRW

South Korean CPI (MoM)

0.2%

0.2%

00:50

JPY

Tankan Large Manufacturers Index

-4

-4

07:30

INR

Indian Trade Balance

-13.5B

10:00

EUR

Unemployment Rate

11.1%

11.0%

15:00

USD

ISM Manufacturing Index

52.5

53.5

Jul. 03

02:30

AUD

Building Approvals (MoM)

5.1%

-8.7%

05:30

AUD

Interest Rate Decision

3.50%

3.50%

Click here a current AUD/USD Chart.

Originally posted here