By FXEmpire.com
Analysis and Recommendation:
The NZD/USD is trading at 0.8139 after the release of the first few eco reports from China. China reported a higher than expected CPI with a lower than forecast PPI. China will be releasing all of economic data for July today and tomorrow, although there is not a specific schedule. Markets are expecting to see trade balance numbers later today.
Other then China, today, the kiwi will respond to global markets and the US dollar index with very little in news flow or eco data expected. The pair should remain within a fairly narrow range.
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 August 9, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Aug. 09 |
JPY |
Core Machinery Orders (MoM) |
5.6% |
10.9% |
-14.8% |
|
AUD |
Employment Change |
14.0K |
10.0K |
-28.3K |
|
|
AUD |
Unemployment Rate |
5.2% |
5.3% |
5.3% |
|
|
CNY |
Chinese CPI (YoY) |
1.8% |
1.7% |
2.2% |
|
|
CNY |
Chinese PPI (YoY) |
-2.9% |
-2.5% |
-2.1% |
|
|
CNY |
Chinese CPI (MoM) |
0.1% |
-0.1% |
-0.6% |
|
|
JPY |
Interest Rate Decision |
0.10% |
0.10% |
0.10% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Aug 10 |
1:30 |
AUD |
||
|
12:30 |
USD |
-2.7% |
||
|
18:00 |
USD |
-59.7B |
Government Bond Auctions
Date Time Country
Aug 10 10:00 Belgium
Aug 13 09:10 Italy
Aug 13 09:10 Norway
Aug 13 09:30 Germany
Aug 14 09:10 Greece
Aug 14 09:10 Italy
Aug 14 09:30 Belgium
Aug 14 14:30 UK
Click here a current NZD/USD Chart.
Originally posted here
