By FXEmpire.com
Analysis and Recommendation
The NZD/USD is trading at 0.7687 having fallen from 0.7765 as the elation over Spain’s bailout seems to fade.Over the weekend, Spain and the EU reached tentative agreements to help the ailing nation. Much of Monday’s trading was in reaction to this news. Investors moved to risky assets as the USD fell. By the end of day in the US, the elation turned to a downer as investors began to worry about how the EU was going to actually fund the bailout and the price tag associated.
There is little in the way of eco data to support the USD or kiwi at this time. Markets will be especially sensitive to news flow and are waiting eagerly for the upcoming FOMC minutes.
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 June 11 – 12, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jun 11 |
EUR |
French Industrial Production m/m |
1.5% |
0.1% |
-1.0% |
|
NZD |
REINZ HPI m/m |
1.7% |
-0.3% |
||
|
GBP |
RICS House Price Balance |
-16% |
-17% |
-19% |
|
|
JPY |
Tertiary Industry Activity m/m |
-0.3% |
0.4% |
-0.6% |
|
|
Jun 12 |
AUD |
NAB Business Confidence |
-2 |
4 |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Jun 13 |
0:30 |
AUD |
Westpac Consumer Sentiment |
0.8% |
|
|
12:30 |
USD |
PPI m/m |
-0.2% |
||
|
12:30 |
USD |
Retail Sales m/m |
0.1% |
||
|
14:00 |
USD |
Business Inventories m/m |
0.3% |
||
|
14:30 |
USD |
Crude Oil Inventories |
-0.1M |
||
|
21:00 |
NZD |
Official Cash Rate |
2.50% |
2.50% |
|
|
21:00 |
NZD |
RBNZ Press Conference |
|||
|
21:00 |
NZD |
RBNZ Monetary Policy Statement |
|||
|
Jun 14 |
1:00 |
AUD |
MI Inflation Expectations |
3.1% |
|
|
12:30 |
USD |
Core CPI m/m |
0.2% |
||
|
12:30 |
USD |
Unemployment Claims |
377K |
||
|
12:30 |
USD |
CPI m/m |
0.0% |
||
|
12:30 |
USD |
Current Account |
-124B |
||
|
Jun 15 |
12:30 |
USD |
Empire State Manufacturing Index |
17.1 |
|
|
13:00 |
USD |
TIC Long-Term Purchases |
36.2B |
||
|
13:15 |
USD |
Capacity Utilization Rate |
79.2% |
||
|
13:15 |
USD |
Industrial Production m/m |
1.1% |
||
|
13:55 |
USD |
Prelim UoM Consumer Sentiment |
79.3 |
Click here to read NZD/USD Technical Analysis.
Originally posted here
