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

NAB Business Confidence

4

12th-14th

NZD

REINZ HPI m/m

-0.3%

12:30

USD

Import Prices m/m

-0.5%

18:00

USD

Federal Budget Balance

59.1B

23:50

JPY

Core Machinery Orders m/m

-2.8%

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%

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 updated AUD/USD News.

Originally posted here