Analysis and Recommendation:
The NZD/USD is trading at 0.8084 adding 0.0010 in Asian trading. The release of a positive PPI Input data helped the kiwi this morning. The NZD had been down since negative eco data last week with a poor jobs report. There had been nothing else to support the currency as it moved at the whim of the USD.
This week, just like its cousin the AUD things should be fairly quiet at least until late in the week when the New Zealand Trade Balance is released.
Otherwise it is expected to be a quiet week. The Chinese HSBC PMI is due mid week and possible word on monetary stimulus which could affect the kiwi.
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 20, 2012 actual v. forecast
(No release in for the AUD, NZD or the JPY on Monday morning)
|
Aug. 16 |
NZD |
PPI Input (QoQ) |
0.6% |
-0.2% |
0.3% |
|
Aug. 17 |
USD |
Michigan Consumer Sentiment |
73.6 |
72.4 |
72.3 |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Aug. 21 |
02:30 |
AUD |
Monetary Policy Meeting Minutes |
||
|
04:00 |
NZD |
Inflation Expectations (QoQ) |
2.4% |
||
|
Aug. 22 |
00:50 |
JPY |
Trade Balance |
-0.46T |
-0.30T |
|
15:00 |
USD |
4.52M |
4.37M |
||
|
19:00 |
USD |
||||
|
Aug. 23 |
03:30 |
CNY |
Chinese HSBC Manufacturing PMI |
49.30 |
|
|
13:30 |
USD |
365K |
366K |
||
|
13:30 |
USD |
3300K |
3305K |
||
|
15:00 |
USD |
365K |
350K |
||
|
23:45 |
NZD |
Trade Balance |
-47M |
331M |
|
|
Aug. 24 |
00:30 |
AUD |
|||
|
08:45 |
JPY |
BoJ Governor Shirakawa Speaks |
|||
|
13:30 |
USD |
Core Durable Goods Orders (MoM) |
0.5% |
-1.4% |
|
|
13:30 |
USD |
Durable Goods Orders (MoM) |
2.5% |
1.3% |
Click here for updated NZD/USD News.
Originally posted here
