By FXEmpire.com
Analysis and Recommendation:
The AUD/USD climbed this morning on news of a rescue package for Spain, the Aussie is trading at 0.9976 on weakness in the greenback. The pair should be falling, as China released a terrible set of eco data over the weekend. CPI and PPI all reported under forecast, as well as retail sales and industrial production.
China is one of Australia’s largest trading partners, and with a larger than expected slowdown in China, the overflow will affect the entire Pacific Rim.
Last week markets saw the RBA cut rates and better than expected eco data.
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 9-10-11, 2012 actual v. forecast
Jun. 09 |
CNY |
Chinese CPI (YoY) |
3.0% |
3.2% |
3.4% |
|
CNY |
Chinese PPI (YoY) |
-1.4% |
-1.1% |
-0.7% |
||
CNY |
Chinese CPI (MoM) |
-0.3% |
-0.1% |
-0.1% |
||
CNY |
Chinese Fixed Asset Investment (YoY) |
20.1% |
20.0% |
20.2% |
||
CNY |
Chinese Industrial Production (YoY) |
9.6% |
9.9% |
9.3% |
||
CNY |
Chinese Retail Sales (YoY) |
13.8% |
14.3% |
14.1% |
||
Jun. 10 |
CNY |
Chinese Trade Balance |
18.70B |
16.30B |
18.40B |
|
Jun. 11 |
JPY |
BSI Large Manufacturing Conditions |
-5.7 |
-2.4 |
-7.3 |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
Date |
Time |
Currency |
Event |
Forecast |
Previous |
Jun 12 |
1:30 |
AUD |
4 |
||
12th-14th |
NZD |
-0.3% |
|||
12:30 |
USD |
-0.5% |
|||
18:00 |
USD |
59.1B |
|||
23:50 |
JPY |
-2.8% |
|||
Jun 13 |
0:30 |
AUD |
0.8% |
||
12:30 |
USD |
-0.2% |
|||
12:30 |
USD |
0.1% |
|||
14:00 |
USD |
0.3% |
|||
21:00 |
NZD |
2.50% |
2.50% |
||
21:00 |
NZD |
||||
21:00 |
NZD |
||||
Jun 14 |
1:00 |
AUD |
3.1% |
||
12:30 |
USD |
0.2% |
|||
12:30 |
USD |
377K |
|||
12:30 |
USD |
0.0% |
|||
12:30 |
USD |
-124B |
|||
Jun 15 |
12:30 |
USD |
17.1 |
||
13:00 |
USD |
36.2B |
|||
13:15 |
USD |
79.2% |
|||
13:15 |
USD |
1.1% |
|||
13:55 |
USD |
79.3 |
Click here for updated AUD/USD News.
Originally posted here