NZD/USD Fundamental Analysis August 22, 2012, Forecast

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Analysis and Recommendation:

The NZD/USD gained its momentum back after the US declined in Monday’s session. The kiwi is trading at 0.8109

It was a sleepy day around the world on Monday, with markets waiting for the FOMC meeting minutes on Wednesday.

The ECB caught trader’s attention on rumors of a program to cap bond yields but it was just rumor at present.

Markets are also waiting for Chinese HSBC data due later which will indicate if we will see monetary stimulus from the PBoC.

Data released today in New Zealand showed a drop in credit card spending but also showed a drop in inflation which has been viewed as positive for the kiwi.

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 21, 2012 actual v. forecast

Date

 

Currency

 

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Aug. 21

 

AUD

 

 

 

Monetary Policy Meeting Minutes 

 

 

 

 

 

 

 

 

 

NZD

 

 

 

Credit Card Spending (YoY) 

0.1%

 

 

 

3.9% 

   

 

 

NZD

 

 

 

Inflation Expectations (QoQ) 

2.3%

 

 

 

2.4% 

 

 

 

 

JPY

 

 

 

All Industries Activity Index (MoM) 

0.2%

 

0.3% 

 

-0.2% 

   

 

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

Aug. 22

00:50

 

JPY

 

 

Trade Balance 

 

-0.46T 

-0.30T 

 

 

 

15:00

 

USD

 

 

Existing Home Sales 

 

4.52M 

4.37M 

 

 

 

19:00

 

USD

 

 

FOMC Meeting Minutes 

         

 

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About: FX Empire Analyst - Barry Norman

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