By FXEmpire.com
Analysis and Recommendation:
The NZD/USD remains strong trading at 0.8111 adding 0.0023 in this morning’s session.
As the USD remains weakened on hopes of monetary stimulus from the Feds and the FOMC statements due later today, the kiwi along with the commodity currencies are benefactors.
The New Zealand dollar held near a three-month high amid speculation policymakers from the European Central Bank and the Federal Reserve will announce additional policy measures to shore up the global economy.
European policymakers will meet on Wednesday in Frankfurt. Last week, ECB president Mario Draghi pledged to do whatever it takes to preserve the single currency
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 recent analysis and information in our weekly reports and we provide dailyupdates and outlooks.
Economic Data August 1, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|||||||||
|
Aug. 01 |
KRW |
South Korean CPI (YoY) |
1.5% |
2.0% |
2.2% |
|||||||||
|
KRW |
South Korean CPI (MoM) |
-0.2% |
0.3% |
-0.1% |
||||||||||
|
GBP |
BRC Shop Price Index (YoY) |
1.00% |
1.10% |
|||||||||||
|
AUD |
AIG Manufacturing Index |
40.3 |
47.2 |
|||||||||||
|
KRW |
South Korean Trade Balance |
2.70B |
4.90B |
|||||||||||
|
KRW |
South Korean Manufacturing PMI |
47.20 |
49.38 |
|||||||||||
|
CNY |
Chinese Manufacturing PMI |
50.10 |
50.30 |
50.20 |
||||||||||
|
AUD |
House Price Index (QoQ) |
0.50% |
-0.50% |
-0.10% |
||||||||||
|
CNY |
Chinese HSBC Manufacturing PMI |
49.50 |
49.50 |
|||||||||||
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Aug 2 |
1:30 |
AUD |
0.5% |
|
|
1:30 |
AUD |
-0.29B |
||
|
12:30 |
USD |
|||
|
14:00 |
USD |
0.7% |
||
|
23:30 |
AUD |
48.8 |
||
|
Aug 3 |
12:30 |
USD |
80K |
|
|
12:30 |
USD |
8.2% |
||
|
12:30 |
USD |
0.3% |
||
|
14:00 |
USD |
52.1 |
Government Bond Auctions
Date Time Country
Aug 02 08:30 Spain
Aug 06 09:10 Norway
Aug 07 00:30 Japan
Aug 07 09:15 Austria
Aug 07 14:30 UK
Aug 07 17:00 US
Aug 08 09:30 Germany
Aug 08 10:00 Norway
Aug 08 15:30 Italy
Aug 08 17:00 US
Aug 09 15:30 Italy
Aug 09 17:00 US
Aug 10 10:00 Belgium
Click here a current NZD/USD Chart.
Originally posted here
