NZD/USD Fundamental Analysis September 24, 2012 Forecast

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Analysis and Recommendation:

The NZD/USD is trading at 0.8306 on Friday morning. News from the China that the PBoC slashed rates overnight, should help improve the Chinese economy and increase trader activity, which will boost the kiwi.

The People’s Bank of China has moved to inject liquidity into its local markets, conducting 101 billion yuan ($A15.3 billion) worth of open market operations in its banking system, Reuters News reports.

According to the news agency, the injection is the first in three weeks and adds to the 966 billion yuan already added to the financial system so far this year.

The New Zealand dollar gained as growth in the domestic economy partly offset weaker offshore news, including continued contraction in Chinese and Europe-wide manufacturing.

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 September 21, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

 

 

NZD

 

 

Visitor Arrivals (MoM) 

5.4%

 

 

 

-3.3% 

   

 

 

AUD

 

 

CB Leading Index (MoM) 

0.0%

 

 

 

0.5% 

   

 

 

NZD

 

 

Credit Card Spending (YoY) 

1.0%

 

 

 

0.1% 

   

 

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

There is no Tier 1 or 2 data scheduled for the 24th, only local and regional reports.

Government Bond Auction

Date Time Country 

Sep 24 09:10 Norway 

Sep 24 09:30 Germany 

Sep 24 10:00 Belgium 

Sep 24 15:30 Italy  

Sep 25 08:30 Holland 

Sep 25 08:30 Spain 

Sep 25 09:10 Italy  

Sep 25 14:30 UK 

Sep 25 17:00 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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