By FXEmpire.com
Analysis and Recommendation:
The NZD/USD jumped 0.0021 in this morning’s session to trade at 0.7920. The pair had declined against a strong dollar and worries about the data release from China.
This morning China released a slew of data, the most important was GDP which was down as forecast, but actual was in line with economists’ expectations. Chinese Fix Asset Investments climbed as sell as an increase in retail sales. This is positive for the kiwi.
The additional data was pretty much in line with expectations.
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 13, 2012 actual v. forecast
|
Date |
Time |
Currency |
Importance |
Event |
Actual |
Forecast |
Previous |
|
Jul. 13 |
03:00 |
CNY |
Chinese Fixed Asset Investment (YoY) |
20.4% |
20.1% |
20.1% |
|
|
03:00 |
CNY |
Chinese GDP (YoY) |
7.6% |
7.6% |
8.1% |
||
|
03:00 |
CNY |
Chinese Industrial Production (YoY) |
9.5% |
9.8% |
9.6% |
||
|
03:00 |
CNY |
Chinese Retail Sales (YoY) |
13.7% |
13.5% |
13.8% |
||
|
05:30 |
JPY |
Industrial Production (MoM) |
-3.4% |
-3.1% |
0.5% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 16 |
12:30 |
USD |
-0.2% |
|
|
12:30 |
USD |
2.3 |
||
|
14:00 |
USD |
0.4% |
||
|
22:45 |
NZD |
0.5% |
||
|
Jul 17 |
1:30 |
AUD |
2.4% |
|
|
9:15 |
ALL |
G7 Meetings |
||
|
12:30 |
USD |
-0.3% |
||
|
13:00 |
USD |
25.6B |
||
|
13:15 |
USD |
79.0% |
||
|
13:15 |
USD |
-0.1% |
||
|
Jul 18 |
0:30 |
AUD |
0.5% |
|
|
12:30 |
USD |
0.78M |
||
|
12:30 |
USD |
0.71M |
||
|
14:30 |
USD |
-4.7M |
||
|
Jul 19 |
1:30 |
AUD |
-1 |
|
|
12:30 |
USD |
|||
|
14:00 |
USD |
4.55M |
||
|
14:00 |
USD |
-16.6 |
||
|
Jul 20 |
1:30 |
AUD |
-1.2% |
Click here for updated NZD/USD News.
Originally posted here
