By FXEmpire.com
NZD/USD Fundamental Analysis March 28, 2012, Forecast
Analysis and Recommendation: (close of the Asian session)
The NZD/USD is trading at 0.8223 comfortably above mid day Monday’s trading, as the USD fell on Fed Chairman’s Bernanke’s comments.
The kiwi was the benefactor, moving from 0.8172 on Monday to trade at 0.8223 towards the close of the Asian session today.
The Chairman indicated that the Fed is considering easing monetary policy, which sent the USD tumbling, gold flying and equities through the roof.
March 26, 2012 Economic Data actual v. forecast
|
Mar. 26 |
EUR |
German Ifo Business Climate Index |
109.8 |
109.7 |
109.7 |
|
EUR |
German Current Assessment |
117.4 |
117.0 |
117.4 |
|
|
EUR |
German Business Expectations |
102.7 |
102.6 |
102.4 |
|
|
USD |
Fed Chairman Bernanke Speaks |
||||
|
USD |
Pending Home Sales (MoM) |
-0.5% |
1.0% |
2.0% |
March 28, 2012 Economic Reports and Events that affect the JPY, AUD, NZD
01:30 AUD RBA Financial Stability Review
The Reserve Bank of Australia’s Financial Stability Review is released twice per year and contains an assessment of conditions in the financial system and potential risks to financial stability.
13:30 USD Core Durable Goods Orders (MoM) 1.5% -3.0%
13:30 USD Durable Goods Orders (MoM) 3.0% -3.7%
Core Durable Goods Orders measures the change in the total value of new orders for long lasting manufactured goods, excluding transportation items. Because aircraft orders are very volatile, the core number gives a better gauge of ordering trends. A higher reading indicates increased manufacturing activity. Durable Goods Orders measures the change in the total value of new orders for long lasting manufactured goods, including transportation items.
Government Bond Auctions (this week)
Mar 28 09:10 Italy BOT auction
Mar 28 17:00 US Auctions 3Y Notes
Mar 29 09:10 Italy BTP/CCTeu auction
Mar 29 17:00 US Auctions 7Y Notes
Originally posted here
