By FXEmpire.com
NZD/USD Fundamental Analysis March 20, 2012, Forecast
Analysis and Recommendation: (close of the Asian session)
NZD/USD has been trading up, following a drop in the USD on Friday as investors moved to more risky assets, as well as a positive consumer sentiment report for New Zealand. The kiwi has moved up as high as 0.8278 and is trading at 0.8258. The duo will most likely hold in this range as there is little in economic data to move the pair.
Asian Markets Economic Releases March 19, 2012 actual v. forecast.
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Mar. 18 |
NZD |
Westpac Consumer Sentiment |
102.4 |
101.3 |
Economic Calendar March 20, 2012 ( reports that affect the Asian Markets )
01:30 AUD Monetary Policy Meeting Minutes
The Reserve Bank of Australia (RBA) Monetary Policy Meeting Minutes are a detailed record of the bank’s most recent policy-setting meeting, containing in-depth insights into the economic conditions that influenced the rate decision.
13:30 USD Building Permits
Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market.
13:30 USD Housing Starts
Housing starts measures the change in the annualized number of new residential buildings that began construction during the reported month. It is a leading indicator of strength in the housing sector.
22:45 NZD Current Account
The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the nation’s exports the data can have a sizable affect on the NZD.
Government Bond Auctions (this week)
Mar 21 10:10 Sweden Nominal bond auction
Mar 21 10:30 Germany Eur 5.0bn Mar 2014 Schatz
Mar 21 10:30 Portugal Eur 0.75-1.0bn 4 & 6M T-bills
Mar 22 10:10 Sweden I/L bond auction
Mar 22 10.30 UK Auctions 0.625% 2042 I/L Gilt
Mar 22 15:00 US
Announces auctions of 2Y Notes on Mar 27, 5Y Notes on Mar
28 & 7Y Notes on Mar 29
Originally posted here
