By FXEmpire.com
Analysis and Recommendation:
The NZD/USD is exchanging at 0.7824 against a very strong USD and continued weakness from China. The kiwi economy is very much influenced by its trade with China. After an advisor to the PBoC told the presses over the weekend that growth in China may fall below 7.4% by the end of the year the vibrations of this statement have had drastic effects on the surrounding economies.
Today’s Japanese trade balance data has also had a negative effect on the NZD, but it is the overall risk aversion theme of the markets and the strength of the USD that is pressurizing the kiwi dollar.
Although recent comments from the IMF on the Chinese economy may help support the kiwi.
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 July 24 – 25, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
EUR |
French Flash Manufacturing PMI |
43.6 |
45.6 |
45.2 |
|
|
EUR |
French Flash Services PMI |
50.2 |
47.7 |
47.9 |
|
|
EUR |
German Flash Manufacturing PMI |
43.3 |
45.3 |
45.0 |
|
|
EUR |
German Flash Services PMI |
49.7 |
50.1 |
49.9 |
|
|
EUR |
Flash Manufacturing PMI |
44.1 |
45.3 |
45.1 |
|
|
EUR |
Flash Services PMI |
47.6 |
47.3 |
47.1 |
|
|
GBP |
BBA Mortgage Approvals |
26.3K |
31.4K |
29.6K |
|
|
Core Retail Sales m/m |
0.5% |
0.1% |
-0.4% |
||
|
USD |
Flash Manufacturing PMI |
51.8 |
52.1 |
52.5 |
|
|
NZD |
Trade Balance |
331M |
77M |
232M |
|
|
JPY |
Trade Balance |
-0.30T |
-0.39T |
-0.62T |
|
|
Jul 25 |
AUD |
CB Leading Index m/m |
0.4% |
-1.3% |
|
|
AUD |
CPI q/q |
0.5% |
0.6% |
0.1% |
|
|
AUD |
Trimmed Mean CPI q/q |
0.5% |
0.6% |
0.4% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 26 |
0:10 |
JPY |
||
|
12:30 |
USD |
0.7% |
||
|
12:30 |
USD |
|||
|
14:00 |
USD |
5.9% |
||
|
23:30 |
JPY |
-0.6% |
||
|
23:50 |
JPY |
3.6% |
||
|
Jul 27 |
12:30 |
USD |
1.9% |
|
|
13:55 |
USD |
72.0 |
Click here to read NZD/USD Technical Analysis.
Originally posted here
