By FXEmpire.com
Analysis and Recommendation: (close of the Asian session)
The NZD/USD was trading at 0.7651, up 0.12% at time this time. The kiwi showed a bit of strength after local eco data was released. The New Zealand’s producer price inflation input rose to a seasonally adjusted 0.3% in the last quarter from 0.5% in the preceding quarter.
Analysts had expected N.Z. PPI input to remain unchanged at 0.0% in the last quarter.
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 May 16 – 17, 2012 actual v. forecast
|
GBP |
Average Earnings Index +Bonus |
0.6% |
1.0% |
1.1% |
|
|
GBP |
Claimant Count Change |
-13.7K |
5.0K |
-5.4K |
|
|
EUR |
CPI (YoY) |
2.6% |
2.6% |
2.6% |
|
|
EUR |
Core CPI (YoY) |
1.6% |
1.5% |
1.6% |
|
|
EUR |
German 10-Year Bund Auction |
1.470% |
1.770% |
||
|
EUR |
Portuguese Unemployment Rate |
14.90% |
14.00% |
||
|
USD |
Building Permits |
0.715M |
0.730M |
0.769M |
|
|
USD |
Housing Starts |
0.717M |
0.680M |
0.699M |
|
|
Manufacturing Sales (MoM) |
1.90% |
1.00% |
-0.20% |
||
|
USD |
Industrial Production (MoM) |
1.1% |
0.6% |
-0.6% |
|
|
NZD |
PPI Input (QoQ) |
0.3% |
0.0% |
0.5% |
|
|
May 17 |
JPY |
GDP (QoQ) |
1.0% |
0.9% |
-0.2% |
|
JPY |
GDP Price Index (YoY) |
-1.2% |
-1.4% |
-1.8% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
The calendar for the end of the week is very thin. There should be little eco data that will affect the markets
Click here for updated NZD/USD News.
Originally posted here
