NZD/USD Fundamental Analysis August 2, 2012, Forecast

Posted August 01, 2012 5:30 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
Add a comment

Category:

Fundamental Reports

Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

Analysis and Recommendation:

The NZD/USD remains strong trading at 0.8111 adding 0.0023 in this morning’s session.

As the USD remains weakened on hopes of monetary stimulus from the Feds and the FOMC statements due later today, the kiwi along with the commodity currencies are benefactors.

The New Zealand dollar held near a three-month high amid speculation policymakers from the European Central Bank and the Federal Reserve will announce additional policy measures to shore up the global economy.

European policymakers will meet on Wednesday in Frankfurt. Last week, ECB president Mario Draghi pledged to do whatever it takes to preserve the single currency

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 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

Want to read more articles like this one?

Enter your e-mail address and read FX Empire content directly from your inbox.

We value your privacy. Your e-mail address will not be shared.

About: FX Empire Analyst - Barry Norman

Barry produces a private Daily Market Review newsletter that is distributed around the globe to over 25,000 subscribers and recently published a book on Options Trading that is available from amazon.com

View all of FX Empire Analyst - Barry Norman's Articles