Analysis and Recommendation:
The NZD/USD is trading at 0.8208. The kiwi broke above 82 US cents for the first time in more than three months as stocks on Wall Street and commodity prices rallied. Positive sentiment remains strong in the markets and traders are eyeing potential in the commodity currencies and with the potential of monetary stimulus from the PBoC this is helping to support the currency Stimulus would benefit all of China’s trading partners.
With US stocks and commodity prices firming, appetite for the trans-Tasman currencies was stoked ahead of the Reserve Bank of Australia’s monetary policy review, where policy makers are expected to keep the target cash rate unchanged at 3.5 per cent.
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 7, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Aug. 07 |
GBP |
BRC Retail Sales Monitor (YoY) |
0.1% |
-0.2% |
1.4% |
|
AUD |
AIG Construction Index |
32.6 |
34.8 |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Aug 8 |
1:30 |
AUD |
-1.2% |
|
|
12:30 |
USD |
-0.9% |
||
|
12:30 |
USD |
1.3% |
||
|
14:30 |
USD |
|||
|
22:45 |
NZD |
0.4% |
||
|
22:45 |
NZD |
6.7% |
||
|
23:50 |
JPY |
-14.8% |
||
|
Aug 9 |
1:30 |
AUD |
-27.0K |
|
|
1:30 |
AUD |
5.2% |
||
|
12:30 |
USD |
-48.7B |
||
|
12:30 |
USD |
|||
|
Aug 10 |
1:30 |
AUD |
||
|
12:30 |
USD |
-2.7% |
||
|
18:00 |
USD |
-59.7B |
Government Bond Auctions
Date Time Country
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
Aug 13 09:10 Italy
Aug 13 09:10 Norway
Aug 13 09:30 Germany
Click here for updated AUD/USD News.
Originally posted here
