NZD/USD Fundamental Analysis October 23, 2012 Forecast

Posted October 22, 2012 5:51 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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NZD/USD Fundamental Analysis October 23, 2012 Forecast

Analysis and Recommendation:

The NZD/USD is trading at 0.8180 gaining in the early Asian session on Monday. The kiwi is waiting for the trade balance report due tomorrow, with expectations of a widening to 825m. Last weeks positive eco data from China continues to support the NZD, as figures released last week shows that China’s economy has landed and is now rebounding. The kiwi will benefit from better economic conditions in China or stimulus. There has been little in the way of eco news to help support the New Zealand dollar, except global disappointment in the EU Summit.

The euro gained against the dollar this morning as traders continue to react to the tumble on Wall Street Friday, the weakened USD has allowed the kiwi to gain some momentum.

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 October 22, 2012 actual v. forecast

Date	Currency	Event	Actual	Forecast	Previous
Oct. 22	JPY	Trade Balance	-0.98T	-0.74T	-0.46T
	JPY	BoJ Governor Shirakawa Speaks
	TWD	Taiwanese Unemployment Rate	4.30%	4.30%	4.29%

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

Date	Time	Currency	Event	Forecast	Previous
Oct. 24	01:30	AUD	CPI (QoQ)	1.1%	0.5%
	01:30	AUD	Trimmed Mean CPI (QoQ)	0.6%	0.5%
	02:45	CNY	Chinese HSBC Manufacturing PMI		47.90
	15:00	USD	New Home Sales	385K	373K
	21:00	NZD	Interest Rate Decision	2.50%	2.50%
Oct. 25	22:45	NZD	Trade Balance	-825M	-789M
Oct. 26	00:30	JPY	Tokyo Core CPI (YoY)	-0.5%	-0.4%

Government Bond Auction

Date Time Country

Oct 23 08:30 Spain

Oct 23 14:30 UK

Oct 23 17:00 US

Oct 24 09:10 Sweden

Oct 24 09:30 Germany

Oct 24 14:30 Sweden

Oct 24 15:30 Italy

Oct 24 16:30 US

Oct 25 00:30 Japan

Oct 25 09:10 Sweden

Oct 25 15:30 Italy

Oct 25 17:00 US

Oct 26 09:10 Italy

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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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