NZD/USD Fundamental Analysis August 27, 2012, Forecast

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By FX Empire Analyst - Barry Norman
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Analysis and Recommendation:

The NZD/USD is trading at the closing this morning, with no activity. The pair is holding at 0.8128. There has been no data from New Zealand to support the kiwi, but the possibility of Fed and Chinese stimulus has been supporting the currency.

Markets seem to be taking a breather this morning.

The ICE dollar index, which measures US dollar against a basket of six other major currencies, fell to 81.368 from 81.475 in North American trade on late Wednesday. The dollar was on the defensive on Thursday, after minutes of the US Federal Reserve meeting surprised traders by suggesting it is willing to deliver more monetary stimulus "fairly soon" unless the economy improves considerably

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 24, 2012 actual v. forecast

Date

 

Currency

 

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Aug. 24

 

AUD

 

 

 

RBA Governor Stevens Speaks 

 

 

 

 

 

 

 

 

 

JPY

 

 

 

CSPI (YoY) 

-0.2%

 

-0.2% 

 

-0.4% 

   

 

 

AUD

 

 

 

CB Leading Index (MoM) 

0.2%

 

 

 

0.3% 

   

 

Upcoming Economic Events that affect the AUD, NZD, JPY and USD ( very light day )

Date

 

Currency

 

 

Previous

Mon

Aug 27

27th-28th

EUR

 

German Import Prices m/m

-1.5%

 

All Day

GBP

 

Bank Holiday

 
 

12:15pm

USD

 

FOMC Member Pianalto Speaks

 
 

Tentative

AUD

 

HIA New Home Sales m/m

2.8%

 

Government Bond Auctions

Date  Time  Country 

23/8  05:45  Japan 

23/8  11:30  UK 

23/8  19:00  US 

27/8  11:30  Germany 

28/8  10:30  Spain

28/8  11:00  Italy 

28/8  19:00  US 

29/8  11:00  Italy 

29/8  19:00  US 

30/8  05:35  Japan

30/8  11:00  Italy 

30/8  19:00  US

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