NZD/USD Fundamental Analysis September 7, 2012, Forecast

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Analysis and Recommendation:

The NZD/USD  is trading at 0.8029 adding 0.19% n this morning’s session. The kiwi rose after the European Central Bank announced a plan to cap borrowing costs in the area’s most-indebted nations, stoking optimism the region will get through its sovereign debt crisis.

ECB president Mario Draghi kept his pledge to do “whatever it takes” to safeguard the euro as policymakers agreed on an unlimited debt-buying programme, targeting government bonds with a maturity of one to three years. Conditions of the agreement are yet to be finalized.

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 6, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Sep. 07

 

PEN

 

 

Peruvian Interest Rate Decision 

4.25%

 

4.25% 

 

4.25% 

 

 

 

 

AUD

 

 

AIG Construction Index 

32.2

 

 

 

32.6 

 

 

 

 

AUD

 

 

Trade Balance 

-0.56B

 

-0.30B 

 

-0.23B 

   

 

 

MYR

 

 

Malaysian Trade Balance 

3.60B

 

9.10B 

 

9.20B 

   

 

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

Date

Time

Currency

Event

Previous

Sep. 10

00:50

JPY

GDP (QoQ) 

0.3% 

 

02:30

AUD

Home Loans (MoM) 

1.3% 

Government Bond Auction

Date Time Country 

Sep 10 09:30 Germany 

Sep 10 15:30 Italy  

Sep 11 00:30 Japan 

Sep 11 08:30 Holland 

Sep 11 09:10 Greece 

Sep 11 09:30 UK 

Sep 11 14:30 UK 

Sep 11 17:00 US

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About: FX Empire Analyst - Barry Norman

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