By FXEmpire.com
Analysis and Recommendation:
The NZD/USD is trading at 0.8102 tumbled to a recent low against the dollar on negative news from China and Japan, two of NZ’s most important trading partners.
As the USD gains some momentum and with the disappointing employment reports last week from NZ, the kiwi was unable to muster any strength.
If the PBoC offers some sort of stimulus we will see the kiwi as a major benefactor.
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 14, 2012 actual v. forecast
|
Aug. 14 |
GBP |
RICS House Price Balance |
-24% |
-23% |
-22% |
|
JPY |
Monetary Policy Meeting Minutes |
||||
|
JPY |
Tertiary Industry Activity Index (MoM) |
0.1% |
-0.3% |
0.9% |
|
|
AUD |
NAB Business Confidence |
4 |
-3 |
||
|
AUD |
New Motor Vehicle Sales (MoM) |
-0.8% |
-1.0% |
||
|
KRW |
South Korean Trade Balance |
2.80B |
2.70B |
||
|
EUR |
Estonian Unemployment Rate (YoY) |
10.20% |
11.50% |
||
|
EUR |
French CPI (MoM) |
-0.4% |
-0.2% |
0.0% |
|
|
EUR |
French GDP (QoQ) |
0.0% |
-0.1% |
0.0% |
|
|
EUR |
German GDP (QoQ) |
0.3% |
0.2% |
0.5% |
|
|
INR |
Indian WPI (YoY) |
7.37% |
7.25% |
||
|
EUR |
Finnish CPI (YoY) |
2.90% |
2.80% |
||
|
EUR |
German GDP (YoY) |
0.5% |
1.0% |
1.7% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Aug 15 |
0:30 |
AUD |
3.7% |
||
|
1:30 |
AUD |
0.9% |
0.9% |
||
|
12:30 |
USD |
0.2% |
0.2% |
||
|
12:30 |
USD |
6.7 |
7.4 |
||
|
13:00 |
USD |
63.5B |
55.0B |
||
|
13:15 |
USD |
79.3% |
78.9% |
||
|
13:15 |
USD |
0.5% |
0.4% |
||
|
14:30 |
USD |
-3.7M |
|||
|
Aug 16 |
1:00 |
AUD |
3.3% |
||
|
12:30 |
USD |
0.77M |
0.76M |
||
|
12:30 |
USD |
Unemployment Claims |
365K |
361K |
|
|
12:30 |
USD |
0.76M |
0.76M |
||
|
14:00 |
USD |
-4.3 |
-12.9 |
||
|
22:45 |
NZD |
0.3% |
|||
|
Aug 17 |
13:55 |
USD |
72.5 |
72.3 |
Government Bond Auctions
Date Time Country
Aug 15 09:10 Sweden
Aug 16 09:30 UK
Aug 16 15:00 US
Click here for further NZD/USD Forecast.
Originally posted here
