NZD/USD Fundamental Analysis October 9, 2012 Forecast

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Updated: Aug 20, 2015, 19:00 GMT+00:00

Analysis and Recommendation: The NZD/USD is trading at 0.8172 slightly off from Friday. This morning a report in NZ showed that home sales rose 8 percent

NZD/USD Fundamental Analysis October 9, 2012 Forecast

Analysis and Recommendation:

The NZD/USD is trading at 0.8172 slightly off from Friday. This morning a report in NZ showed that home sales rose 8 percent in September from a year earlier after a 16.2 percent gain in the previous month, according to data released today by the Real Estate Institute of New Zealand. The house price index climbed 0.6 percent last month from August, when it added 1.3 percent.

This morning a report in China showed that the Chinese HSBC Services PMI increased to 54.30, which helped support the falling kiwi.

The US remained strong after positive eco data and a large drop in unemployment was reported on Friday, with US unemployment falling to its lowest in 44 months at 7.8%

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 October 8, 2012 actual v. forecast

Date	Currency	Event	Actual	Previous
Oct. 08	AUD	RBA Governor Stevens Speaks
	AUD	ANZ Job Advertisements (MoM)	-2.80%	-2.40%
	CNY	Chinese HSBC Services PMI	54.30	52.00

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

Date	Time	Currency	Event	Forecast	Previous
Oct. 09	01:30	AUD	NAB Business Confidence		-2
Oct. 11	01:30	AUD	Employment Change	3.8K	-8.8K