By FXEmpire.com
Analysis and Recommendation:
The NZD/USD is trading at 0.7637 following closely in the footsteps of its local partners. The PBoC offset the Fed comments, and the BoE and the BoC mitigated the ECB lack of action. All around the kiwi has just kind of held in this range stuck in the middle of the ongoing mess in the EU and central banks indecisions versus market expectations.
The lack of input from the Fed’s saw gold tumble back below the 1600 level.
Then we can look at the BoJ and their warning to speculators, signally stealth intervention, which they are known for.
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 7 – 8, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
CHF |
Foreign Currency Reserves |
303.8B |
237.6B |
||
|
GBP |
Halifax HPI m/m |
0.5% |
0.3% |
-2.3% |
|
|
CHF |
CPI m/m |
0.0% |
0.1% |
0.1% |
|
|
GBP |
Services PMI |
53.3 |
52.6 |
53.3 |
|
|
EUR |
Spanish 10-y Bond Auction |
6.04|3.3 |
5.74|2.4 |
||
|
EUR |
French 10-y Bond Auction |
2.46|2.0 |
2.96|2.0 |
||
|
GBP |
Asset Purchase Facility |
325B |
325B |
325B |
|
|
GBP |
Official Bank Rate |
0.50% |
0.50% |
0.50% |
|
|
USD |
Unemployment Claims |
377K |
381K |
389K |
|
|
Ivey PMI |
60.5 |
53.5 |
52.7 |
||
|
JPY |
Current Account |
0.29T |
0.62T |
0.79T |
|
|
JPY |
Final GDP q/q |
1.2% |
1.1% |
1.0% |
|
|
Jun 8 |
AUD |
Trade Balance |
-0.20B |
-0.92B |
-1.28B |
|
AUD |
Home Loans m/m |
0.2% |
0.1% |
0.8% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Jun 11 |
23:50 |
JPY |
Tertiary Industry Activity m/m |
-0.6% |
|
|
Jun 12 |
1:30 |
AUD |
NAB Business Confidence |
4 |
|
|
12th-14th |
NZD |
REINZ HPI m/m |
-0.3% |
||
|
12:30 |
USD |
Import Prices m/m |
-0.5% |
||
|
18:00 |
USD |
Federal Budget Balance |
59.1B |
||
|
23:50 |
JPY |
Core Machinery Orders m/m |
-2.8% |
||
|
Jun 13 |
0:30 |
AUD |
Westpac Consumer Sentiment |
0.8% |
|
|
12:30 |
USD |
PPI m/m |
-0.2% |
||
|
12:30 |
USD |
Retail Sales m/m |
0.1% |
||
|
14:00 |
USD |
Business Inventories m/m |
0.3% |
||
|
14:30 |
USD |
Crude Oil Inventories |
-0.1M |
||
|
21:00 |
NZD |
Official Cash Rate |
2.50% |
2.50% |
|
|
21:00 |
NZD |
RBNZ Press Conference |
|||
|
21:00 |
NZD |
RBNZ Monetary Policy Statement |
|||
|
Jun 14 |
1:00 |
AUD |
MI Inflation Expectations |
3.1% |
|
|
12:30 |
USD |
Core CPI m/m |
0.2% |
||
|
12:30 |
USD |
Unemployment Claims |
377K |
||
|
12:30 |
USD |
CPI m/m |
0.0% |
||
|
12:30 |
USD |
Current Account |
-124B |
||
|
Jun 15 |
12:30 |
USD |
Empire State Manufacturing Index |
17.1 |
|
|
13:00 |
USD |
TIC Long-Term Purchases |
36.2B |
||
|
13:15 |
USD |
Capacity Utilization Rate |
79.2% |
||
|
13:15 |
USD |
Industrial Production m/m |
1.1% |
||
|
13:55 |
USD |
Prelim UoM Consumer Sentiment |
79.3 |
Click here for further NZD/USD Forecast.
Originally posted here
