By FXEmpire.com
Analysis and Recommendation:
The NZD/USD shows more strength trading at 0.8016. The kiwi dollar rose against the greenback and reached a record versus the euro on speculation the Federal Reserve will do more to stimulate the US economy and as sales of Spanish bonds met lukewarm demand. The disappointing US jobs report released on Thursday, should provided the needed necessity for the Fed to offer aide to the sluggish economy as Bernanke specifically mentioned the jobs market in his statement.
Speculation Fed chairman Ben Bernanke will be forced to boost economic growth increased after sales of existing US homes unexpectedly dropped and manufacturing in the Philadelphia region contracted for a third month.
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 July 20, 2012 actual v. forecast that affect the AUD, NZD, JPY
|
Date |
Time |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 20 |
02:30 |
AUD |
Import Price Index (QoQ) |
2.4% |
1.5% |
-1.2% |
|
04:00 |
NZD |
Credit Card Spending (YoY) |
4.6% |
3.9% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 23 |
1:30 |
AUD |
PPI q/q |
-0.3% |
|
Jul 24 |
13:00 |
USD |
Flash Manufacturing PMI |
52.5 |
|
22:45 |
NZD |
Trade Balance |
301M |
|
|
23:50 |
JPY |
Trade Balance |
-0.66T |
|
|
Jul 25 |
0:00 |
AUD |
CB Leading Index m/m |
-1.4% |
|
1:30 |
AUD |
CPI q/q |
0.1% |
|
|
1:30 |
AUD |
Trimmed Mean CPI q/q |
0.3% |
|
|
14:00 |
USD |
New Home Sales |
369K |
|
|
14:30 |
USD |
Crude Oil Inventories |
||
|
21:00 |
NZD |
Official Cash Rate |
2.50% |
|
|
21:00 |
NZD |
RBNZ Rate Statement |
||
|
Jul 26 |
0:10 |
JPY |
BOJ Gov Shirakawa Speaks |
|
|
12:30 |
USD |
Core Durable Goods Orders m/m |
0.7% |
|
|
12:30 |
USD |
Unemployment Claims |
||
|
14:00 |
USD |
Pending Home Sales m/m |
5.9% |
|
|
23:30 |
JPY |
Tokyo Core CPI y/y |
-0.6% |
|
|
23:50 |
JPY |
Retail Sales y/y |
3.6% |
|
|
Jul 27 |
12:30 |
USD |
Advance GDP q/q |
1.9% |
|
13:55 |
USD |
Revised UoM Consumer Sentiment |
72.0 |
Click here for updated NZD/USD News.
Originally posted here
