By FXEmpire.com
Analysis and Recommendation:
The NZD/USD is trading above the 80 mark again at 0.8008. Much like its cousin the Aussie, the kiwi is enjoying the dip in the Dollar Index and the overall upbeat feelings in the market after earnings reports buoyed markets and investors ventured into a bit more risk, pushing commodity currencies upwards.
Like the AUD the NZD is trading at record prices against the weak euro.
US Federal Reserve chairman Ben Bernanke stated yesterday that the Fed would follow a similar pattern to previous times when it has provided stimulus to the economy then “pulled back, took away the punch bowl” when growth returned.
He was speaking as the Fed released its Beige Book business survey, which said the world’s biggest economy grew at a “modest to moderate” pace in June and early July.
Helping lift sentiment, US housing starts rose 6.9 per cent last month.
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 19, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 18 |
JPY |
Monetary Policy Meeting Minutes |
|||
|
GBP |
Average Earnings Index +Bonus |
1.5% |
1.4% |
1.4% |
|
|
GBP |
Claimant Count Change |
6.1K |
5.0K |
6.9K |
|
|
GBP |
MPC Meeting Minutes |
||||
|
USD |
Building Permits |
0.755M |
0.765M |
0.784M |
|
|
USD |
Housing Starts |
0.760M |
0.745M |
0.711M |
|
|
USD |
Fed Chairman Bernanke Testifies |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 20 |
1:30 |
AUD |
Import Prices q/q |
-1.2% |
Government Bond Auctions
Date Time Country
Jul 23- n/a UK
Jul 23 09:30 Germany
Jul 24 08:30 Netherlands
Jul 24 08:30 Spain
Jul 24 15:30 Italy
Jul 24 17:00 US
Jul 25 09:30 Germany
Jul 25 15:30 Italy
Jul 25 17:00 US
Jul 26 00:30 Japan
Jul 26 09:10 Italy
Jul 27 09:10 Italy
Jul 27 17:00 US
Click here a current NZD/USD Chart.
Originally posted here
