By FXEmpire.com
Analysis and Recommendation:
The NZD/USD down exchanging at 0.7763. The kiwi gained more than half a US cent after the European Central Bank endorsed Spain’s financial bailout even as Fitch Ratings said the nation won’t meet budget-deficit goals but gave back a bit in late day trading.
Spain’s bailout will boost Europe’s financial stability and governments must help dismiss investors’ doubts the crisis is spreading, the ECB said in its biannual Financial Stability Review. But Fitch cut the rating of 18 Spanish banks after concerns about further loan deterioration.
European policymakers are doing their best to boost sentiment but the market begs to differ as they are doing this with words and not actions or plans.
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 June 12 -13, 2012 actual v. forecast
|
Date |
Currency |
Actual |
Forecast |
Previous |
|
GBP |
Manufacturing Production m/m |
-0.7% |
0.0% |
0.9% |
|
USD |
Import Prices m/m |
-1.0% |
-1.0% |
0.0% |
|
GBP |
NIESR GDP Estimate |
0.1% |
-0.1% |
|
|
USD |
Federal Budget Balance |
-124.6B |
-112.7B |
59.1B |
|
JPY |
Core Machinery Orders m/m |
5.7% |
2.0% |
-2.8% |
|
Jun 13 |
AUD |
Westpac Consumer Sentiment |
0.3% |
0.8% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jun 14 |
1:00 |
AUD |
3.1% |
|
|
12:30 |
USD |
0.2% |
||
|
12:30 |
USD |
377K |
||
|
12:30 |
USD |
0.0% |
||
|
12:30 |
USD |
-124B |
||
|
Jun 15 |
12:30 |
USD |
17.1 |
|
|
13:00 |
USD |
36.2B |
||
|
13:15 |
USD |
79.2% |
||
|
13:15 |
USD |
1.1% |
||
|
13:55 |
USD |
79.3 |
Click here for further NZD/USD Forecast.
Originally posted here
