NZD/USD Fundamental Analysis August 10, 2012, Forecast

Analysis and Recommendation:

The NZD/USD is trading at 0.8139 after the release of the first few eco reports from China. China reported a higher than expected CPI with a lower than forecast PPI. China will be releasing all of economic data for July today and tomorrow, although there is not a specific schedule. Markets are expecting to see trade balance numbers later today.

Other then China, today, the kiwi will respond to global markets and the US dollar index with very little in news flow or eco data expected. The pair should remain within a fairly narrow range.

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 August 9, 2012 actual v. forecast

 

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

Government Bond Auctions

Date  Time  Country 

Aug 10  10:00  Belgium

Aug 13  09:10  Italy

Aug 13  09:10  Norway

Aug 13  09:30  Germany

Aug 14  09:10  Greece 

Aug 14  09:10  Italy

Aug 14  09:30  Belgium

Aug 14  14:30  UK