By FXEmpire.com
Analysis and Recommendation:
The NZD/USD gained its momentum back after the US declined in Monday’s session. The kiwi is trading at 0.8109
It was a sleepy day around the world on Monday, with markets waiting for the FOMC meeting minutes on Wednesday.
The ECB caught trader’s attention on rumors of a program to cap bond yields but it was just rumor at present.
Markets are also waiting for Chinese HSBC data due later which will indicate if we will see monetary stimulus from the PBoC.
Data released today in New Zealand showed a drop in credit card spending but also showed a drop in inflation which has been viewed as positive for 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 21, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Aug. 21 |
AUD |
Monetary Policy Meeting Minutes |
|||
|
NZD |
Credit Card Spending (YoY) |
0.1% |
3.9% |
||
|
NZD |
Inflation Expectations (QoQ) |
2.3% |
2.4% |
||
|
JPY |
All Industries Activity Index (MoM) |
0.2% |
0.3% |
-0.2% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Aug. 22 |
00:50 |
JPY |
Trade Balance |
-0.46T |
-0.30T |
|
15:00 |
USD |
4.52M |
4.37M |
||
|
19:00 |
USD |
FOMC Meeting Minutes |
Click here a current NZD/USD Chart.
Originally posted here
