NZD/USD Fundamental Analysis July 27, 2012, Forecast

Posted July 26, 2012 6:12 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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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%
Jul 27	13:55	USD	Revised UoM Consumer Sentiment	72.0

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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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