By FXEmpire.com
Analysis and Recommendation:
The NZD/USD remains strong but dipped a bit this morning trading at 0.8136; Mr. Key Prime Minister of New Zealand recently stated in an interview that one-way bets on continued strength in the New Zealand dollar were “not a very smart thing to do”. He also said the high dollar “takes the pressure off the Reserve Bank” to raise rates.
The fact the New Zealand dollar spent most of this morning on negative footing reflects a delayed reaction to some comments from Prime Minister Key last night.
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 8, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Aug. 08 |
JPY |
Adjusted Current Account |
0.77T |
0.75T |
0.28T |
|
JPY |
Bank Lending (YoY) |
0.7% |
0.6% |
||
|
PHP |
Philippines CPI (MoM) |
0.30% |
0.30% |
0.50% |
|
|
AUD |
Home Loans (MoM) |
1.3% |
2.0% |
-0.9% |
|
|
KRW |
South Korean M2 Money supply |
9.60% |
9.20% |
||
|
MYR |
Malaysian Trade Balance |
9.20B |
5.20B |
4.60B |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Aug 9 |
1:30 |
AUD |
-27.0K |
|
|
1:30 |
AUD |
5.2% |
||
|
12:30 |
USD |
-48.7B |
||
|
12:30 |
USD |
|||
|
Aug 10 |
1:30 |
AUD |
||
|
12:30 |
USD |
-2.7% |
||
|
18:00 |
USD |
-59.7B |
Government Bond Auctions
Date Time Country
Aug 09 15:30 Italy
Aug 09 17:00 US
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
Aug 15 09:10 Sweden
Aug 16 09:30 UK
Aug 16 15:00 US
Click here a current NZD/USD Chart.
Originally posted here
