By FXEmpire.com
Analysis and Recommendation:
The NZD/USD is trading at .07887 as the kiwi fell near a 2week low against the greenback amid fears Europe’s debt woes are becoming more contagious, sapping investors’ appetite for riskier assets.
The yield on Spain’s benchmark government bond rose as high as 7.57 per cent after the Spanish and Italian governments reinstated bans on betting against stock declines.
That came as stocks on Wall Street and in Europe fell after Catalonia added its name to the list of Spanish regions that may need a central government bail-out.
Chinese Flash PMI came in above estimates but still below the 50 level needed to show growth.
Slowing Chinese growth has pared back investors’ appetite for risk-sensitive assets, including those in nations directly exposed to that economy such as Australia and New Zealand.
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 23-24, 2012 actual v. forecast
|
Date |
Time |
Currency |
Importance |
Event |
Actual |
Forecast |
Previous |
|
13:30 |
USD |
Chicago Fed National Activity |
-0.15 |
-0.48 |
|||
|
15:00 |
EUR |
Consumer Confidence |
-21.6 |
-20.0 |
-19.8 |
||
|
Jul. 24 |
03:30 |
CNY |
Chinese HSBC Manufacturing PMI |
49.50 |
48.20 |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
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 a current NZD/USD Chart.
Originally posted here
