NZD/USD Fundamental September 17, 2012, Forecast

Posted September 14, 2012 5:09 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendation:

The NZD/USD is trading this morning at 0.8346 as commodity currencies soared around the world on the new QE3 package introduced by the US Federal Reserve yesterday. The Canadian, Australian and New Zealand dollars soared against the greenback today. The Federal Reserve’s monetary policy announcement was not only good for stocks but also for commodities. The CAD, AUD and NZD are also risk currencies and the hope is that more stimulus for the U.S. economy will stabilize global growth, lending support to export-dependent nations such as Canada, Australia and New Zealand.

With China due to take some action, we should see the kiwi continue to trade strong over the short term

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 14, 2012 actual v. forecast

Date

Time

Currency

Importance

Event

Actual

Forecast

Previous

Sep. 14

05:30

JPY

Industrial Production (MoM)

-1.0%

-1.2%

Economic Data September 13, 2012 actual v. forecast for the US, since markets were too focused on the FOMC, it is important to look at the entire picture.