By FXEmpire.com

Analysis and Recommendation:

The NZD/USD is trading at 0.7963 adding some pips in today’s trading session. Markets and traders are still breathing a sigh of relief after the release of Chinese GDP data early on Friday.

Speculators were worried that the data would come in under forecast, which had already been cut, but it printed exactly as expected. Rumors of monetary stimulus by the PBoC has now become the focus of traders, as the Chinese government is doing all it can to stimulate growth and return to the 8.1% prior targets and to reach next year’s targets.

Japanese markets are closed for a regional holiday, and there is no eco data from the Asian markets due on Monday, so it should be a quiet day.

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.

Upcoming Economic Events that affect the AUD, NZD, JPY and USD

Date

Time

Currency

Event

Previous

Jul 17

1:30

AUD

New Motor Vehicle Sales m/m

2.4%

9:15

ALL

G7 Meetings

12:30

USD

CPI m/m

-0.3%

13:00

USD

TIC Long-Term Purchases

25.6B

13:15

USD

Capacity Utilization Rate

79.0%

13:15

USD

Industrial Production m/m

-0.1%

Jul 18

0:30

AUD

MI Leading Index m/m

0.5%

12:30

USD

Building Permits

0.78M

12:30

USD

Housing Starts

0.71M

14:30

USD

Crude Oil Inventories

-4.7M

Jul 19

1:30

AUD

NAB Quarterly Business Confidence

-1

12:30

USD

Unemployment Claims

14:00

USD

Existing Home Sales

4.55M

14:00

USD

Philly Fed Manufacturing Index

-16.6

Jul 20

1:30

AUD

Import Prices q/q

-1.2%

Click here for further NZD/USD Forecast.

Originally posted here