NZD/USD Fundamental Analysis July 27, 2012, Forecast

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

Analysis and Recommendation:

The NZD/USD  is up today trading at 0.7912 aiming at the all impressive 80 number again. The pair added 0.29% since yesterday.

The kiwi has risen against the greenback ahead of the central bank’s review of interest rates.

The kiwi benefited from a slight improvement in risk appetite overnight after European Central Bank council member Ewald Nowotny argued the region’s rescue fund should get a banking license.

The Reserve Bank of New Zealand is expected to keep the official cash rate at 2.5 per cent at its monthly review.

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 July 26, 2012 actual v. forecast

Date

 

Currency

 

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Jul. 26

 

KRW

 

 

 

South Korean GDP (QoQ) 

0.4%

 

0.5% 

 

0.9% 

 

 

 

 

KRW

 

 

 

South Korean GDP (YoY) 

2.4%

 

2.6% 

 

2.8% 

 

 

 

 

JPY

 

 

 

CSPI (YoY) 

-0.3%

 

0.0% 

 

0.1% 

 

 

 

 

JPY

 

 

 

BoJ Governor Shirakawa Speaks 

 

 

 

 

 

 

 

 

 

SGD

 

 

 

Singaporean Industrial Production (YoY) 

7.6%

 

3.2% 

 

6.8% 

  

 

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

Date

Time

Currency

 Event

Previous

Jul 27

12:30

USD

Advance GDP q/q

1.9%

13:55

USD

Revised UoM Consumer Sentiment

72.0

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    
Share Your Thoughts: Post a Comment


Your email address will not be published.