NZD/USD Fundamental Analysis February 24, 2012, Forecast

February 23, 2012 8:24 AM GMT

FXEmpire

Economic Events: (GMT)

It is a quiet day for economic data throughout the world.

Feb 23GMT

22:30                    AUD                                                      RBA Governor Stevens Speaks

Reserve Bank of Australia (RBA) Governor Glenn Stevens (September 2006 - September 2013) is to speak. As the head of the RBA, which sets short term interest rates, he has a major influence over the value of the Australian dollar. Traders watch his speeches closely as they are often used to drop subtle hints regarding future monetary policy and interest rate shifts. After surprising the markets last week and holding rates, today's comments might have some effects on the Aussie.

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NZD/USD Fundamental Analysis February  24, 2012, Forecast

NZD/USD Fundamental Analysis February 24, 2012, Forecast

Analysis and Recommendation: (Close of the Asian session)

NZD/USD is trading at .08292 even with the open, after dropping mid day on worries about Greece, but rebounding to end the session where it began.

Wednesday February 23, 2012 Economic Reports     actual v. forecast

 

 AUD

     

Wage Price Index (QoQ)

1.0%

 

0.8%

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EUR/USD Weekly Outlook

EUR/USD's decline extended further as expected as reached as low as 1.2496. The break of 1.2625 confirmed resumption of whole fall from 1.4939. Initial bias remains on the downside this week.

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