NZD/USD Fundamental Analysis August 27, 2012, Forecast

Posted August 24, 2012 5:22 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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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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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

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