AUD/USD Fundamental Analysis August 30, 2012 Forecast

Analysis and Recommendation:

The AUD/USD declined again today, trading at 1.0364. The Aussie has been facing a run of lackluster eco reports weighing on the currency. This morning Construction Work data showed a decline below forecast of completed work. It is a tier 3 data report but compounds the negative eco data on previous reports.

The market focus though has turned to the Jackson Hole event, which is coloring the entire marketplace.

Trader will experience a very light day, waiting for Friday’s marquee happening.

Yesterday, ECB President Draghi withdrew from the symposium due to a heavy work load in Europe, preparing for the ECB September 6 meet.

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 30, 2012 actual v. forecast

  

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

 

Government Bond Auctions

Date Time Country 

30/8  05:35  Japan

30/8  11:00  Italy 

30/8  19:00  US