NZD/USD Fundamental Analysis October 5, 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 0.8214 back on its uptrend after a minor retraction over Chinese and EU news and releases. The kiwi is strong today after benefiting from the RBA rate reduction and hopes of new rounds of QE in the Asian region, which would help support the NZ economy.

Traders will wait for news from the BoJ meetings, from the ECB later today and tomorrow’s US nonfarm payroll data, which could all affect the strength of the USD and the NZD.

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 4, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Oct. 04

 

AUD

 

 

Building Approvals (MoM) 

6.4%

 

4.7% 

 

-21.2% 

   

 

 

AUD

 

 

Retail Sales (MoM) 

0.2%

 

0.4% 

 

-0.8% 

   

 

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

Date

Time

Currency

Event

Forecast

Previous

 Oct. 05

13:30

USD

Average Hourly Earnings (MoM) 

0.2% 

0.0% 

 

13:30

USD

Nonfarm Payrolls 

110K 

96K 

 

13:30

USD

Average Weekly Hours 

34.4 

34.4 

 

13:30

USD

Private Nonfarm Payrolls 

125K 

103K 

Government Bond Auction

Date Time Country   

Oct 05 15:30 Italy 

 

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