By FXEmpire.com
Analysis and Recommendation: (close of the Asian session)
The NZD/USD is trading at 0.7535 as the markets close for the month. The kiwi fell more than 1/2 cent after a report showed that business confidence has taken its first dip in seven months due to uncertainty about the global economy.
National Bank’s business confidence survey for this month showed 27% of respondents think business conditions will improve over the coming year, down 9 points from April. Fewer than 35% of firms think their own activity will improve, down 2 points.
Compounded by growing problems in Spain, Greece and Italy, the kiwi has been shaken over market uncertainty and the continued slowdown in China, its major trading partner.
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 for May 30-31, 2012 actual v. forecast
|
CHF |
KOF Leading Indicators |
0.81 |
0.48 |
0.43 |
|
|
USD |
Pending Home Sales (MoM) |
-5.5% |
0.1% |
3.8% |
|
|
May 31 |
KRW |
South Korean Industrial Prod |
0.0% |
0.3% |
0.3% |
|
JPY |
Industrial Production (MoM) |
0.2% |
0.5% |
1.3% |
|
|
AUD |
Building Approvals (MoM) |
-8.7% |
0.7% |
6.0% |
|
|
AUD |
Private New Capital Expend |
6.1% |
4.0% |
-0.7% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Previous |
|
|
Jun 1 |
12:30 |
USD |
Non-Farm Employment Change |
115K |
|
12:30 |
USD |
Unemployment Rate |
8.1% |
|
|
12:30 |
USD |
Core PCE Price Index m/m |
0.2% |
|
|
12:30 |
USD |
Personal Spending m/m |
0.3% |
|
|
14:00 |
USD |
ISM Manufacturing PMI |
54.8 |
Government Bond Auctions
Date Time Country
May 31 14:30 Sweden
Jun 04 10:00 Norway
Jun 05 00:30 Japan Jun 05 09:30
Jun 05 14:30 Sweden
Jun 06 09:30 Germany
Jun 06 09:30 Portugal
Jun 06 14:30 UK
Jun 07 00:30 Japan
Jun 07 08:30 Spain
Jun 07 08:50 France
Jun 07 09:10 Sweden
Jun 07 15:00 US
Jun 08 10:00 Belgium
Jun 08 15:30 Italy
Click here to read NZD/USD Technical Analysis.
Originally posted here
